EPIDEMIC of Store Closures in 2018! Entire Malls Across America COMPLETELY ABANDONED!

in #money6 years ago


There comes a time when we must admit what’s really going on.It’s not one or two retailers. It’s a widespread epidemic the likes which has not been felt in America in this generation! Look at the scale at which this is happening and yet somehow ignored.

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ℹ️Sources Used in This Video ℹ️
https://goo.gl/UpprQe

Sears names dozens of the 72 stores it plans to close in the near future
https://www.cnbc.com/2018/05/31/sears-plans-to-close-72-more-stores-closing-sales-to-start-in-near-future.html
What Sears retirees can do about the reduced DB pension - MoneySense
http://www.moneysense.ca/save/retirement/pensions/sears-canada-defined-benefit-pension/
Dying shopping malls are wreaking havoc on suburban America - Business Insider
http://www.businessinsider.com/dying-shopping-malls-are-wreaking-havoc-on-suburban-america-2017-2
58b82c6ae46c158e028b47dc-1136-827.png (1136×827)

The amount of retail space closing in 2018 is on pace to break record
https://www.cnbc.com/2018/04/18/the-amount-of-retail-space-closing-in-2018-is-on-pace-to-break-record.html
Here are all the store closures we know are coming in 2018
https://www.cnbc.com/2018/04/05/here-are-all-the-store-closures-we-know-are-coming-in-2018.html
Here's a map of the big-box stores closing in 2018
https://www.cnbc.com/2018/04/05/heres-a-map-of-the-big-box-stores-closing-in-2018.html
These 63 Sears and Kmart stores are closing in September | Clark Howard
https://clark.com/shopping-retail/major-retailers-closing-2018/
Personal Saving Rate | FRED | St. Louis Fed
https://fred.stlouisfed.org/series/PSAVERT
Storm Clouds Gather Over the Fed - MoneyBeat - WSJ
https://blogs.wsj.com/moneybeat/2018/05/31/storm-clouds-gather-over-the-fed/?guid=BL-MBB-68526&dsk=y
Deutsche Bank's U.S. ops deemed troubled by Fed a year ago: WSJ | Reuters
https://www.reuters.com/article/us-deutsche-bank-fed-assessment/deutsche-banks-u-s-ops-deemed-troubled-by-fed-a-year-ago-wsj-idUSKCN1IW1R4
The main rating agencies' stance on Italy's sovereign debt | Reuters
https://www.reuters.com/article/us-italian-politics-ratings/the-main-rating-agencies-stance-on-italys-sovereign-debt-idUSKCN1IT0L9


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It is a very sensitive issue, this trend may be due to the economic inequality or lack of purchasing power sustainable development.

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I really don’t understand why some developers haven’t stepped in and redevelop those abandoned malls ⁉️ I have a TON of awesome ideas I think would be profitable . One of them being why not make them into mini indoor cities ❓All the infrastructure is there already . Imagine if you will that you live in a place not at the weathers mercy . With groceries , dental , doctors , etc etc just outside your door . I think they would make great retirement villages , and people could do their mall walking right next to their homes . Great show . Thanks 🙏