Bankruptcy
The Democratic Presidential race has brought two major issues to the voters. Medicare for ALL and higher taxes on the wealthy. While they “trend” on social media ultimately it is our vote that counts. In addition to the election we read many announcements about bankruptcies this week. We will look at the failures and see if there are similarities that can benefit our business. Our capitalist system works and making knee jerk conclusions can be dangerous. Let’s look. Old Gen The capitalist business model doesn’t play favorites. This week several old school firms filed for bankruptcy protection. We will examine two that failed for different reason. The Boy Scouts filed because of the harassment charges against them were adding up. The scouts oath to do the right thing seems to mean different things to different people. The other firm that filed was Pier One. Low prices drive traffic but...