If the economy has more than doubled in the last 18 years, how could retail strip centers in my affluent community have 40% to 70% vacancy rates and office parks sit vacant for years? The answer is that Real GDP has not even advanced by 50%. Using a true rate of inflation, not the bastardized, manipulated, tortured BLS version, shows the country has essentially been in contraction since the year 2000, says Jim Quinn in this article, Available, at The Burning Platform.
For years, I've been watching more and more retail space go empty. Long established businesses calling it quits.
Previous posts on the subject are here, here, and here.
Are you paying attention to the signs in your own community?
No comments:
Post a Comment