Tuesday, March 5, 2013

Dislocation

Saw this over at ZeroHedge:
The world is a disparate place these days. It is dislocated. Central bank money buoying all of the markets; equities, debt, commodities while the underlying economies languish or dissipate.
The writer goes on to list some international data points, but let me take this closer to home.

Do you pay attention to occupancy at shopping centers near you? Not just malls, but strip centers too? I still seem to be seeing growing numbers of vacant storefronts. Even at the nicer centers, which initially held their own. I see this as an indicator of economic contraction, and I give it a much higher weighting in my economic outlook than the rah-rah happy talk that seems to dominate most media analysis.

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