Retail apocalypse engulfs the US economy

[MindWars]

Retail Apocalypse Engulfs US Economy - The Great Recession Blog

You may not see it yet, but the scale of the retail apocalypseis so massive that it is about to engulf the US economy. As when a flood tide has crept around you on all sides while you were standing on a high spot out on the flats, not paying attention, you can look up now and see it all around you, and it is coming in rapidly. You can now feel the current under your toes.

-------------------------------------------------------------------------------------------

It's coming and with the rates hiked up, more and more people won't be able to pay those credit cards. Which in turn causes the economic break down of the economic society. This isn't happening over night it's been pushed and pushed for years where it's been barely noticeable.

That's why many don't believe it will take place. How quickly they forget we did have a Great Depression , but this collapse is going to be ten times worse making that time look like it was a picnic.

For many reasons, there were no credit cards back then, student loans back then, home ownership beyond a certain amount wasn't so out of hand the list goes on and on.

 

[Jimmy_Chitwood]

Retail Apocalypse Engulfs US Economy - The Great Recession Blog

You may not see it yet, but the scale of the retail apocalypseis so massive that it is about to engulf the US economy. As when a flood tide has crept around you on all sides while you were standing on a high spot out on the flats, not paying attention, you can look up now and see it all around you, and it is coming in rapidly. You can now feel the current under your toes.

-------------------------------------------------------------------------------------------

It's coming and with the rates hiked up, more and more people won't be able to pay those credit cards. Which in turn causes the economic break down of the economic society. This isn't happening over night it's been pushed and pushed for years where it's been barely noticeable.

That's why many don't believe it will take place. How quickly they forget we did have a Great Depression , but this collapse is going to be ten times worse making that time look like it was a picnic.

For many reasons, there were no credit cards back then, student loans back then, home ownership beyond a certain amount wasn't so out of hand the list goes on and on.

Do not forget terrible investments in expensive automobiles.

New-Car Transaction Prices Up 2 Percent In March 2016, Along With Increases In Incentive Spend, According To Kelley Blue Book

 

[Jomama]

Consumer (retail) spending is stable and increasing slightly while the strength of the US consumer dollar is increasing. There is no retail apolocolypse, just a shift, like when we got malled out in the 70s and 80's or bigboxed in 90s and 2000s. Don't be chicken little.

 

[BlindBoo]

Brick and Mortar stores will suffer. Already happening.

 

[EdwardBaiamonte]

Consumer (retail) spending is stable and increasing slightly while the strength of the US consumer dollar is increasing. There is no retail apolocolypse, just a shift, like when we got malled out in the 70s and 80's or bigboxed in 90s and 2000s. Don't be chicken little.

Retail is steadily shrinking, no doubt about it. right now you see big push into online clothes and food, if that succeeds all of retail will be highly vulnerable.