One business that usually does well in down economic times is do-it-yourself or home improvement stores. You take on projects yourself like painting and lawn care that you would normally hire others to do when times are good. You might even take on bigger projects you would not normally consider.
If you make $1000 a week, why scrub your own toilets?
I see landscapers everywhere in South Florida. Mostly immigrant crews. Legal or illegal? I don’t know and frankly don’t care.
But Home Depot’s sales are down 26% from last year. I was in to purchase some materials a few days before Christmas, and the checkout lines were not even long.
If a so-called recession proof business is already in a recession, are we now in a depression without knowing it?
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Charles Lamm, retired attorney and lifelong scanner, posts articles on his Virtual Joe Friday blog. His latest project is Affiliate Marketing for Scanners.
