You’d think strip clubs, steak houses, and Real Doll outfitters would be the only ones feeling the pinch of financial professionals not making/spending any money, but you’d be wrong! In Northern New Jersey, bagels and cheese, items heretofore considered staples in the community, are being cast aside, deemed luxuries too expensive to justify in these hard times. Rick Breistein, proprietor of the Cheese Shop of Ridgewood which sells $60/pound English Stilton and Brillat-Savarin, says that many of his former customers are “bond traders…[who] don’t come in anymore…they are suffering–they are not making the money.”
And according to bagel guy Elliot Cohen, there’s been a dramatic drop in orders from the nearby Morgan Stanley and Smith Barney. “We used to get breakfast and lunch deliveries there, and we’ve seen a lot less,” he said. “One guy used to buy breakfast for the whole group on Friday. He doesn’t come anymore.” I speak for everyone here when I say there’s an almost unbearable sadness about this permeating the DBHQ this morning. So here’s what–our sandwich welfare program is now being extended to include bagels and lox. If you know a deserving individual who can no longer afford his/her own shmear, get in touch. Jews and non-Jews welcome. Any requests for flagels will be sent to spam.
Wall Street’s Pain Felt By North Jersey Retailers [The Record]

Comments (23)

  1. Posted by american bandersnatch | June 11, 2008 at 1:10 PM

    I used to shop at the Cheese Shop back when I worked in that area. Great products. I always hoped the guy behind the counter to do a monty python routine but it never happened.

  2. Posted by guest | June 11, 2008 at 1:11 PM

    no comments about the ‘bronze medal’? Come on DB… you earned it.

  3. Posted by guest | June 11, 2008 at 1:33 PM

    Bess,
    Off topic, but how come there’s no db thread today on “SEC Proposes New Rules For Credit Raters”.
    There was an AP article in today’s Wilmington rag about it. Excerpt:
    “rules intended to eliminate conflicts of interest between the agencies and the investment banks that pay them to rate the securities they issue”
    Did I miss something about this on db when I wasn’t watching?
    The Guy from Delaware

  4. Posted by guest | June 11, 2008 at 1:40 PM

    does anyone really not wish harm upon bergen county? really.
    -chad

  5. Posted by big r | June 11, 2008 at 1:42 PM

    i resent that flagels comment. theyre perfect size for eggs.

  6. Posted by guest | June 11, 2008 at 1:46 PM

    everyone is subbing down to the dunkindonuts breakfast bagel sandwich

  7. Posted by Anal_yst | June 11, 2008 at 1:48 PM

    @ TGFD
    You’re about a week behind buddy.
    Great bagels in North NJ, I’d cut off some relatively un-important part of my anatomy before trading down to dunkin, no matter how dire the circumstances

  8. Posted by NSD | June 11, 2008 at 1:52 PM

    any word on hair gel or tanning cream consumption in north jersey? gotta protect the kids.

  9. Posted by guest | June 11, 2008 at 2:00 PM

    Joey Bag may resort to hocking the body medal, otherwise it’s hello Hot Pockets!

  10. Posted by guest | June 11, 2008 at 2:06 PM

    Classic worthlessness of sell-side research:
    *MERRILL: REMOVING LEHMAN `BUY’ RATING AFTER 1 WEEK `NOT EASY’
    *LEHMAN NEAR-TERM RETURN ON EQUITY `SINGLE DIGITS’ — MERRILL
    *LEHMAN BROTHERS PRICE TARGET CUT TO $28 AT MERRILL LYNCH
    *LEHMAN BROTHERS SHARES CUT TO `NEUTRAL’ AT MERRILL LYNCH
    bitches . . .
    – DC

  11. Posted by girl | June 11, 2008 at 2:14 PM

    Nice one NSD

  12. Posted by guest | June 11, 2008 at 2:15 PM

    Anal_yst@1:48pm…
    Thanks for the note. SEC is voting today on it. Thought I’d ask. Must have missed it on db. I don’t visit here every day.
    One thing though. Your use of the word “buddy”. It reminds me of all the hillbilly truckers and asshole CB Radio clowns who used that word often while riding up and down the highways. Hollywood even made movies about it some years back.
    You like that word “buddy”. I’ve seen you use it before. Why is that?
    The Guy from Delaware

  13. Posted by guest | June 11, 2008 at 2:54 PM

    TGFD. Like hell you don’t visit DB every day. Anal_yst may use the term “buddy” with you because it is nicer than “asshole.”

  14. Posted by guest | June 11, 2008 at 3:24 PM

    Clown@2:54pm…
    I don’t visit every day, every week. I think I missed some days last week. I may be wrong though. Old, you know.
    The Other Guy from Delaware would cheerfully say, “@2:54 = Asswipe”.
    BTW, when are you getting laid off? The bile just drips from your comment.
    The Guy from Delaware

  15. Posted by guest | June 11, 2008 at 3:26 PM

    FOH is down 12% today. Obviously this is due to Emperor’s Club VIP v2 girls getting less work.

  16. Posted by guest | June 11, 2008 at 4:06 PM

    I’m not your buddy, friend!

  17. Posted by guest | June 11, 2008 at 4:55 PM

    Does that mean there won’t be any more tubes of beef??
    http://decentcommunity.org/2008/06/11/most-decent-tubes-of-meat/

  18. Posted by guest | June 11, 2008 at 4:55 PM

    Does that mean there won’t be any more tubes of beef??
    http://decentcommunity.org/2008/06/11/most-decent-tubes-of-meat/

  19. Posted by guest | June 11, 2008 at 4:57 PM

    Does that mean there won’t be any more tubes of beef??
    http://decentcommunity.org/2008/06/11/most-decent-tubes-of-meat/

  20. Posted by guest | June 11, 2008 at 4:57 PM

    Does that mean there won’t be any more tubes of beef??
    http://decentcommunity.org/2008/06/11/most-decent-tubes-of-meat/

  21. Posted by guest | June 11, 2008 at 5:16 PM

    Guess what, TGFD? You ARE TOGFD! A day without being called “clown” by TGFD/TOGFD is like a day without a good hedge fund manager disappearance mystery.

  22. Posted by american bandersnatch | June 11, 2008 at 5:33 PM

    5:16: Arguing with schizophrenics is not a good use of your time.

  23. Posted by guest | June 11, 2008 at 5:53 PM

    @5:16 = asswipe
    The Other Guy from Delaware

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