A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006. Now a Popeyes fast food restaurant on Google Maps.

Recent entries:
“Wednesdays are like Mondays in the middle of the week!” (8/9)
“The greatest trick the refrigerator manufacturers ever pulled…” (crisper drawer) (8/9)
“Does anyone have a recipe for ice cream soup?” (8/9)
“Me at home: Why isn’t there more kindness in the world?/Me while driving: I hate everyone” (8/8)
“Sometimes you just have to sit in the car and let the song finish” (8/8)
More new entries...

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Entry from July 06, 2011
“Discretionary goods—things people don’t need, paid for with money people don’t have”

"Discretionary goods—things that people don’t really need and are paid for with money people really don’t have” was written by Jon Marksman on MarketWatch on June 23, 2010. The blog The End of Civilization added the line to its “Amateur economist dictionary update.”

A similar, much older line is, “Too many people spend money they haven’t earned for things they don’t need to impress people they don’t like.”


MarketWatch
June 23, 2010, 12:01 a.m. EDT
Profiting from disaster
Commentary: Retail recession is just the start of an economic slide

By Jon Markman
(...)
Ever since then, fellow retailers of discretionary goods—things that people don’t really need and are paid for with money people really don’t have—have also begun to turn pale.

The End of Civilization
Amateur economist dictionary update
Posted: June 27, 2010 by hpx83 in Humour
Discretionary goods = Things that people don’t really need and are paid for with money people really don’t have.
(MarketWatch)

Posted by {name}
New York CityBanking/Finance/Insurance • (0) Comments • Wednesday, July 06, 2011 • Permalink