12 October 2008

One new booming business


Still more countercyclical assets

Pretty soon we'll get to the point where almost everything in this economy of ours is booming:

All over sunny San Diego, tough economic times have forced people to cut back on their $4 lattes and sushi dinners. But one new business is booming -- and ka-booming -- precisely because of frustration from the worst financial crisis to hit the United States in decades.  Welcome to Sarah's Smash Shack, where pent-up patrons can relieve stress by hurling dinnerware and bric-a-brac against a wall, as hard as they can, day and night, seven days a week.  San Diego entrepreneur Sarah Lavely charges her clients $10 and up to pulverize plates and glasses during 15-minute intervals. Music blares, clients dress in protective gear and a neon sign urges them to "Break More Stuff."(...)San Diego may boast surf and sunshine year round, but it also has its share of black economic clouds. Its real estate market has been hit hard by the high rate of foreclosures in California, the second highest in the nation, and its unemployment rate has risen to 6.4 percent from 4.8 percent in a year...

Here is the link and I thank John de Palma for the pointer.

Source: Marginal Revolution: Still more countercyclical assets

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