Saturday, July 30, 2011

Borders, In Pace Recquiescat

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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