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News-Sentinel.com Your Town. Your Voice.
Opening Arguments

Stuff happens

For the well, duh file:

BLOOMINGTON, Ind. - The nation's deepening recession has boosted business at Indiana's pawn shops as people shed possessions -- particularly electronics -- for cash to pay bills.

Ace Pawn Shop manager Chris Banul said business is up and he's seeing more high-end items brought to the Bloomington shop for collateral, or sold outright, as the economy has worsened.

If you doubt the obviousness of this story, go to Google News, and you'll find similar dispatches from Minnesota and Massachusetts, Pennsylvania and Montana, South Carolina and the United Kingdon. There are national stories covered by Business Week and Reuters. Besides the link above, from Bloomington, there are Indiana stories from Indianapolis and Muncie. Who will be the first to report this shocking trend in Fort Wayne? My money is on one of the TV stations.

What seems to tickle everybody is that now, things are different: "...it's spread beyond traditional pawn customers to people from all income levels fearing the loss of their homes," he said. "Some of those people have high-level items -- better cars, better guitars, whatever -- a higher grade of merchandise than what we might have seen in the past." So, we are all working class now, eh? When you find yourself with more stuff than options, some stuff's g

Posted in: Hoosier lore

Comments

Bob G.
Mon, 02/23/2009 - 11:51am

Carlin would have had a FIELD DAY...

"Another place for your stuff = pawn shop".

Who'da thunk?

;)

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