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Giordano's Pizza Files Bankruptcy; If You Can't Sell Enough Pizza, This is a Depression.

By Joseph McDaniel, Esq.

I have a love-hate relationship with pizza.

It tastes so good that I can eat two or three big pizzas at a sitting, or at least I could before I saw the dreaded Hawaiian Vacation Photos ("who's the fat guy standing next to....").  The same is true for some of my family members.

Some people can handle their pizza, and have a productive life. Some people can eat pizza, in moderation, every single day, and remain healthy.

And some of us have to have a moment of clarity and come to the realization that for genetic reasons, or biochemical makeup, or ordinary gluttony, we have to "just say no" to pizza.

I'm only half-kidding when I suggest that pizza is addictive, and that some people can't handle pizza.

But the addictive quality of pizza makes me say this: if you can't sell enough pizza to make money, this is a depression, not a recession.

And some well-known pizza purveyors are now filing bankruptcy cases of various sorts, which I find very scary as an overall economic indicator.

p.s. this is just a subset of a prior post of mine, where I pointed out that if you can't sell enough booze, sex, and gambling to make a lot of money, this has got to be a depression!

p.p.s. and no, even though I'm a bankruptcy attorney in Arizona, I'm not happy that this is a depression, and I want good times to return as quickly as possible. During good times, I'm just as busy, because during good times there are plenty of folks who started a "can't lose" business, and they need to go through the car wash, or to try to reorganize their family business; that's also plenty of work.

p.p.p.s. If there were any food designed to make it impossible to hit your perfect body weight for longevity and to reduce morbidity, that would be pizza! 

Full post as published by Arizona Bankruptcy Attorney Blog on February 18, 2011 (boomark / email).