Why is there a recession now when everything looked so good?
Things were going great. So great in fact that the steel processing plant in our town decided to upgrade and moved to a new location in another town. They left behind a beautiful piece of land right on the edge of town and the property developers grabbed it with both hands. They in turn wheeled and dealed and in no time came up with plans to build a major shopping mall.
Another shopping mall?
"Wait!" shouted the people of the town. "We already have a shopping mall in the center of the town and there are only about 80,000 people in this town, we don't need another mall. As it is we take Payday Loans every second month so we can shop at the mall!"
"Quiet!" yelled the developers, you're getting one," and they started building.
We're a month away from opening
Construction was efficient and speculation was rampant. The new mall is almost ready. Now they're laying acres of asphalt in the parking lots and painting white lines. Delivery trucks queue daily bringing furniture, fittings and stocks for the new shops and the mall is a hive of activity. Over at town hall, the mayor is polishing his speech for opening day and going through the list of invitees for the twentieth time. The opening day committee is threading flags onto sticks and blowing up balloons. It’s going to be quite an event.
I may even wander down there and take notes for an article about the launching of a mall. ... click here to read the rest of the article titled "An inconvenient time for a recession"
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