A neighborhood’s economic shifts from the recession
February 6th, 2010 | by admin |
Marketplace’s Mitchell Hartman takes a drive through the commercial district near his home in Portland, Ore. He describes the shift in retail outlets he’s seen as the recession has worn on.
Duration : 0:3:26
[youtube HfrcNYlKU5I]
2 Responses to “A neighborhood’s economic shifts from the recession”
By Panpiper on Feb 6, 2010 | Reply
What is closing is …
What is closing is longstanding repair shops for machine tools, carbide saws, etc., in other words productive businesses that are part of ‘making things’, ‘producing wealth’. These are dying, being replaced by bars, restaurants and all manner of pure consumption oriented businesses. And why would that be? The ’stimulus’ is the Gov borrowing gigatons of money and spending it on ‘make work projects’, and then people take the borrowed money and ’spend’ it. And when that goes away, what then?
By drmkkk on Feb 6, 2010 | Reply
Cool tour. How …
Cool tour. How about some general assessment on the direction businesses are heading as the recessions goes by?