A 15-month downturn, longest since 2009, and no end in sight. What gives?
Commercial Real Estate’s boom-and-bust cycle heads south.
After years of asset stripping by private equity firms and hedge funds.
The ingenious strategy of cost-cutting and store-closing your way out of trouble: Pretty soon, it leads to zero.
With a tinge of bitter irony and perhaps desperation.
“Rising household debt load” to “suppress consumption, including eating out.”
Even the biggest.
As so many times, Private Equity firms are in the thick of it.
From bad to worse, hammered by retail sales and inflation.
This thermometer for discretionary spending is the first to react when consumers hit their limits.