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:
• “The Milky Way is a hard place to be if you’re galactose-intolerant” (6/5)
• “Since nobody reads the 5,000 page bills. let’s slip in ‘term limits‘“ (6/5)
• “Since nobody reads the 5,592 page bills, let’s slip in ‘term limits‘“ (6/5)
• “I’m moving from the Milky Way to the Soymilky Way galaxy. I’m galactose intolerant” (6/5)
• “What is brown, hairy and wears sunglasses?"/"A coconut on vacation.” (6/5)
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 Barry Popik
New York City • Banking/Finance/Insurance • (0) Comments • Wednesday, July 06, 2011 • Permalink