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In all fairness, hobo-jo does have an interest in and firm grasp of economics and his posts are rarely opinion pieces. If facts and figures are tiresome and boring, well so be it. I've never known him to scaremonger or preach doom and gloom for the sake of it. I don't necessarily agree with his...

True. Whether a store closes because of changing consumer habits or because of an economic downturn, the end result is pretty much the same (unemployment). It depends if the superseding industry will provide local employment or not. I'm still not convinced Australia can adapt to a changing...

We have to distinguish between a store closing because of 'tough times' and a store closing because of a changing retail, tech or demographic environment. Starbucks, for instance, was a bit of a passing fad. Borders lost out to a much cheaper and more convenient online marketplace. Blockbuster...

I don't quite understand this. Are the closure of bakeries a sign of a declining economy? Bakeries mostly sell bread, right? Don't people buy bread regardless? In fact, don't people eat more bread during tough times because it's relatively cheap? I find it hard to believe we're culling...