America’s ‘Retail Apocalypse’ Is Really Just Beginning
Bloomberg looks at the spread of delinquent building loans in USA. My town. Fresno, has 10-20%. But that isn't the worst. Rates rising, and a lot of retail buildings and land up for sale.
The scariest region is southern cal and Phoenix. Rising rates plummets the property and sales tax base. The same region suffers school construction apocalypse, all due to prolonged period of zombie rates in the Swamp.
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