Local Economist, Elliott Pollack states, “Generally, businesses that do the best during downturns are the ones that provide goods and services that consumers can't postpone, such as food, medical services, utilities and educational services.”
Monday, March 10, 2008
What’s Up When The Economy's Down? Part 2
The staff at the Arizona Republic must be reading my blog. Today they reported that trash-haulers, cleaners, credit counselors, bankruptcy attorneys (support staff), property managers and locksmiths are seeing growth due to the current housing down turn. According to the article, health care and hospitals, discount stores, utilities, fast-food restaurants, movie theaters and professional sports teams appear to be recession proof too.