And my 2 cents about the high “failure rates” of new businesses, being a small-business owner myself.
Stimulus-fueled blow-off demand spike meets messed-up supply and transportation chaos.
Powered by price increases.
Leaving Big Holes in CMBS as mega-landlords, such as Bookfield and Westfield’s owners, walk away.
In California, sales at cannabis retailers hit $5.1 billion over the past 12 months.
Over-stimulated demand, tangled supply chains: shortages for some, plenty of supply for others.
At cannabis shops, restaurants, and gas stations, sales hit records. At auto dealers, the biggie, sales sag.
Frustrated by lack of choice and puffed-up prices, many customers walked.
As largest mall landlord in the US sheds its malls, CMBS holders, such as bond funds and pension funds, take the losses.
Inventories at retailers document this mess.