Loading ...Reversals all over. Retail second to last sector to fall. After 2008 meltdown. Whoever was doing good ’75 to ’08, will no longer do good. Whoever was doing bad ’75 to ’08 will do better.
Manufacturing was first down, after ’75, and will be first to come back. Retail was the best place to invest after ’75. US consumers still wealthy, and TONS of cheaper foreign made crap to buy and sell to them, our unwitting neighbors.
That led to a proliferation of small stores and shopping malls on both sides of all main roads, to SUCK money out of our country like a vacuum cleaner. Totally over built and over invested sector. Many already closed down. Commercial property taxes, then rents got too high, and many businesses could not raise prices, and gave up.
The last sectors to go down, should be the gov’t supported sectors. That would be gov’t employment, and gov’t vendor employment, and possibly real estate employment. Trump was WRONG when he implied Janet Yellin kept rates down to help Obama.
They held rates down to support their own necks, their real estate baby, (gold money replacement) of which, the banks are up to their balls in R/E loans. The low rates were also intended to support foreigners with low interest rates for sales of foreign made autos. Nobody at the Fed cared about Obama.
Trump should know, the Fed is managing and supporting the entire global economy, and China did NOTHING to become the global vendor. It was all arranged by big business and big banking, by maintaining an anti-USA rigged Yuan exchange rate for LONG TERM.