Re: American Malls In Meltdown
"The Economic Recovery Is Complete And Utter Fraud"
Sounds familiar...
"The year over year crash in oil prices was supposed to result in a huge spending splurge by the masses, according to the media talking heads. You don’t hear much about that storyline anymore."
"The department store data is almost beyond comprehension. July department store sales were the lowest in the history of the data series. Sales of $13.8 billion were 22% below the July 2007 level of $17.6 billion. They were 28% below the peak level of $19.2 billion in 1999."
ALL Retail sales (not just department stores), adjusted for inflation and total U.S. population (Which has grown 20 million since 2007):
And all it cost was a doubling in U.S. debt aka. $100k per household to be lied to for 6 years straight.
"The mood of the country is decidedly dark and getting darker by the day. The rise of Trump and Sanders in the polls is an indication of this dissatisfaction with the existing social order."
Social Mood (Consumer Sentiment) With Real Estate
A con job for all ages
