Wednesday, July 20, 2011
The End of Borders
Borders closed up shop for good this week. One wonders how all those strip malls will make a go of it without a relatively nice anchor store such as Borders around. Can't see much replacing it but Dollar General's, perhaps. And the end of Borders may be the first stirrings of the next recession; there is still a vast amount of debt and unprofitable investment left to be liquidated in the advanced economies.