Countercyclical “asset” of the day — burglary watch

With a lot more unemployed people, a lot more people are staying home, and they see more in their neighborhood," said Sgt. Thomas Lasater, who supervises the burglary unit of the police department in St. Louis County, Mo., where authorities recorded a whopping 35 percent drop in burglaries during the first six months of 2009.

The falling price of raw materials — which had been producing copper and other thefts — may be another reason for the change in trend.  Here is the story and I thank Daniel Lippman for the pointer.


Comments for this post are closed