Continuing my somber theme this weekend, yesterday and the day before I went to Borders (the big box bookstore chain) that is now going bankrupt.
And I don't mean Chapter 11, where they can reorganize and become viable again. These guys are GONE! Yesterday and the day before I went to two different ones, EVERYTHING is 20% - 40% off (I went to buy books for cheap). Yesterday I heard employees talking... They were not Borders employees, they were LIQUIDATORS. Even the fixtures are for sale. There will be nothing left.
I always liked Borders better than Barnes & Noble (close though). Borders, back in the crazy .com days, had a better selection of computer books...
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Anyone telling you that the economy is getting better is wrong. New revisions of data were released yesterday, all marked DOWNWARD. Read Alan Abelson (Barron's) today: Main St. is not getting better. Alan Abelson's article is titled: "Dire Omen". He is the first guy you read when starting in on Barrons.
I hope Barnes & Noble can hang in there. Lounging for hours at a bookstore is one of my favorite things.
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