Moving Downmarket

Without commenting too much on the merits (or not) of the US Government's "Cash for Trash" free bank-recapitalisation proposal, many fear that the wholesale wealth destruction and taxpayer-funded costs from the current financial markets turmoil may ultimately usher in an era of lower living standards.

FINTAG's Newsletter asks "Will Century 21 become the new Bergdorf Goodman?"


Having worked across the street from the downtown New York Century 21 Store for more than ten years, I've shopped their countless times, so I think I'm OK with that. I will just need to sharpen my elbows for my next visit.


As the New York Times says: "Goods, Yes; Services, Not Necessarily"