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.

Recent entries:
“I was sad, then I saw food” (5/28)
“Lawyers talk how doctors write” (5/28)
“Find someone who makes you feel the same way music does” (5/28)
Entry forthcoming—B.P. (5/28)
“Why is NASCAR a white dominated sport?"/"They’re all racists.” (5/28)
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 CityBanking/Finance/Insurance • (0) Comments • Wednesday, July 06, 2011 • Permalink