Turns out, to keep from deflating, property bubble needs Obamacare.
The Fed caused it, but it won’t do much to contain it.
First oil & gas, then construction, then new vehicle sales.
With impeccable timing, after a blistering 7-year price boom.
I’ve been doom-and-gloom on brick-and-mortar retail. But I haven’t been nearly doom-and-gloom enough, given the events of the past seven days. Includes my interview with The Financial Exchange, WRKO Boston.
A very busy day in Brick-and-Mortar Fiasco Land.
So where will this go from here?
The Painstaking Relentless Collapse of Brick-and-Mortar Retail.
America becomes “Landlord Land.”
Commercial Property Bust to hit Multifamily Rentals in San Francisco & New York, the Most Expensive Markets in the World (reports).