The list of failures continues to increase

Bombay & Co. Circuit City, Home Depot’s Expo Design Center, KB Toys, Steve and Barry’s, National Wholesale Liquidators, Linens ‘n Things and now Fortunoff’s, the 87 year old local jewelry and department store in NY. And these are only the big names. I try to look at the economic data dispassionately; we tend to ignore the real world stories beneath much of the headlines. It never hurts to recall every now and again that there are real human tragedies occurring in the economic maelstrom . . .