Real estate is struggling. Credit has all but dissappeared. The stock market has nose-dived (again) after the election.
No matter how you cut it, economist, or joe six-pack, we are in a recession.
Wait a minute. I though, pawn shops, alcohol and gambling are recession proof.
In fact, September saw the greatest monthly decline in revenues in the 30-year history of legalized gambling, down more than 15 percent.
I am not a gambler. Though, I do understand that in trying times, people will still throw a few dollars towards lady luck. Now, I come to find out that those few dollars are either being kept in the pocket (which makes sense) or they are not in the pocket to throw (which is scarry!).
What do you think?
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