Illustrated with 13 whiplash-inducing charts.
New York City, San Francisco, Honolulu are still down over 80% from a year ago in terms of “seated diners.” Then there is the “LN-shaped” recovery in Pittsburgh.
Incomes from wages, interest, and dividends sagged from pre-Pandemic era. But stuffed with stimulus, Americans broke records splurging on Goods, as spending on Services, the biggie, lagged far behind.
Mall meltdown gets messier. But someone’s making money. Here’s how they shorted malls.
The Pandemic Economy Massively Changed How Americans Buy Stuff.
In 12 Whiplash-Inducing Charts.
Every city is confronted with dying malls and vacancy-pocked shopping districts. Is there a cure? No. The failing retailers were already on their way to the morgue. Is there a vaccine that will help? Yes.
There’s Just No Good Way Out.
A dozen major brands, thousands of stores, after years of struggling. Work-from-home is annihilating casual and formal office attire.
CMBS delinquency rates for retail properties spiked to 18% and for hotel properties to 24%.