Shopping Center Vanca

[discocrisco01]

From Bloomberg

Jan. 6 (Bloomberg) -- Vacancies at the largest U.S. shopping centers reached a record 8.8 percent in the fourth quarter as unemployment rose and consumers spent less, Reis Inc. said.
Vacancies at smaller neighborhood and community centers increased to 10.6 percent, the highest level since 1991, from 8.9 percent a year earlier, New York-based Reis, a real estate research company, said today in a statement.
“We expect economic pressures to continue to assail consumers and businesses,” Reis economist Ryan Severino said in the statement. “Although it appears that we have reached the end of the technical recession, continuing high unemployment and inconsistent consumer spending patterns will weigh on retail properties for at least another 18 to 24 months.”

This is the sign on how bad things really are. People are not spending money on retail goods. They are not putting money into the local economies.

I doubt those dollars will ever comeback

[Name removed]

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[Greyhound]

2. Right on schedule.

This was predicted over a year ago, I'll have to search for the thread.

To paraphrase, housing gets steadily worse through the holidays, commercial real estate exposed in Q1, followed shortly by housing bust II, and the derivatives tsunami is clearly visible on the horizon.

Boy, I'm so glad we got all this change & stuff.