Globalization Hits a Brick Wall Named Trump
By Patrick Watson Until about 50 years ago, people paid attention to the area where they lived. They read local papers, shopped at local merchants, and socialized at local events. … Read more
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The American Gulag: Brick by Brick, Our Prison Walls Get More Oppressive by the Day
by John W. Whitehead “The exile of prisoners to a distant place, where they can ‘pay their debt to society,’ make themselves useful, and not contaminate others with their ideas or … Read more
Brick & Mortar Meltdown’s Ugly Week in Record-Ugly Year
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Store liquidations in 2019 have blown past the full-year record set in 2018. The phenomenon of the Brick-and-Mortar Meltdown is proceeding with relentless momentum, trailing in its wake … Read more
Brick-and-Mortar Meltdown Gets Costly for Big Retailers, and Results May Vary
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Ecommerce and the globalization of retail crush distribution channels, wholesalers, local retailers, large retailers, prices, and margins. Transcript of my podcast on Sunday. You can listen to my podcasts … Read more
Brick & Mortar Meltdown, Manhattan Style
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Retail space asking rents plunge as landlords try to fill scores of vacant shops. The average asking rent on Madison Avenue between 57th Street and 72nd … Read more
US Housing Hits A Brick Wall: “The House Price Deceleration Is Staggering”
via Mark Hanson RedFin puts out a monthly home sales report, which contains a lot of great data. The chart below shows Feb 2018 year-over-year price growth, which was off the … Read more
Brick and Mortar Retail Deep Freeze: 300+ Store Closings Announced in a Single Day
via businessinsider: Gap, JCPenney, and Victoria’s Secret announced more than 300 store closures over the course of 24 hours this week. All three companies reported declining same-store sales during the critical holiday period. Tesla … Read more
What the CEO of America’s Largest Mall REIT, Simon Property Group, Just Said about the Brick & Mortar Meltdown and How it’s Trying to Manage It
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “I prefer not to scare you at this point, okay. But it’s something that we’ve been able to withstand”: CEO David Simon. Mall-landlord Simon Property Group … Read more
“Worst December in 10 Years”: Brick-and-Mortar Retail in the UK Faces Overindebted Consumers
But online sales are hot, now at 20% of total retail. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. It’s a confusing picture. A monthly survey of retailers published … Read more
The Brick & Mortal Meltdown at Movie Theaters. But a Few Movies Still Make it Big
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Tickets are expensive. Alternatives are plentiful, convenient & cheap. The year 2018 was a banner year for the movie theater industry in the US. The … Read more
“In Chicago, there was an old tradition of throwing a brick through your own campaign office window, and then calling a press conference to say that you’ve been attacked…” – David Axelrod
Not enough people know the history of false flags in our society or talk freely about them. This is Obama’s campaign advisor admitting the reality of them being used in … Read more
Our Delusional Economy Is Poised To Slam Into The Brick Wall Of Reality
by Chris Martenson dailyhaha While life has always been uncertain, today our choices matter more than ever. The decisions each of us make today will determine if we thrive, merely survive, … Read more
Brick And Mortar Retail Is Not Collapsing Because Of Ecommerce
While E-commerce is slowly chipping away at brick and mortar, it is not the catch all reason for the collapse. E-commerce < 10% of retail sales. The remaining 90% is … Read more
Brick & Mortar Meltdown Pummels These Stores the Most
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Only about half of retail is under attack from e-commerce, but that half is getting crushed. E-commerce sales in the first quarter soared 16.4% from a … Read more
Chap. 11 Bankruptcies Spike 63% from Year Ago – Highest Level Since April 2011. It’s Not Just The Brick & Mortar Meltdown Anymore.
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter New Chapter 11 bankruptcies in the US spiked 63% year-over-year in March to 770 filings, the highest number of filings for any month since April 2011 … Read more
Which Sectors Created 2.2 Million Jobs In 12 Months? Brick & Mortar Melts Down. Governments Shed Jobs Too, Even Information Tech.
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter In the jobs report today, the Bureau of Labor Statistics provided a trove of granular data on which industries and governments created jobs over the past … Read more