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%.
PE firms sit on lots of cash but won’t invest it in their stripped-bare and failing restaurant chains.
A zombie well before the pandemic, the UK company had racked up huge debts to finance rapid growth in a sector that had started shrinking some time ago.