Wendell Cox, at Newgeography, has written an interesting examination of what happens when discretionary spending is jeopardized in a tough economy:In a Financial Crisis What Happens to the Dog Bakeries?.
The article makes some good points. In the 1950's through 1970's people did not have money to spend on "extras" like we have today. There were no Starbucks, specialty bath products shops, candle stores, and certainly no dog bakeries.
So what will happen to these businesses now when most people are tightening those purse strings?
As the owner of a business, Internet Pet Supplies, which some might consider to be one of these "discretionary spending" areas, i.e. rawhide chews and toys for dogs, I'm watching the economy very carefully.
~ Thanks, Alex
