Last week, we saw a report telling us that vacancies in retail space were increasing. The United States has ten times more retail space per person than France. When people spend less, much of this space will cease to be commercially viable…
July 10th, 2008 | Bill Bonner | 7 comments | ContinuedAll Posts Tagged With: "housing"
Recessions Can be Short, Medium, Long, Mild, Medium or Severe
It is already clear that this is not going to be a short and mild recession, but we cannot yet be sure – for lack of evidence – whether it will be medium or long and severe. Of course, it will not take the same form in different countries. As in the California fire, some districts will largely be spared but others will suffer square miles of conflagration…
July 10th, 2008 | William Rees-Mogg | 0 comments | Continued