This page contains a single entry from the blog posted on April 14, 2008 9:05 PM. The previous post in this blog was Jail Blazer vindication. The next post in this blog is More on the squelched Portland bond deal. Many more can be found on the main index page or by looking through the archives.

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Monday, April 14, 2008

Catching the wave

Glad the oil companies are making out o.k., because retail's going down fast.

No recession, Chimpy? Gimme a break. We may be saying the "d" word by this time next year.

Comments (5)

Soon the value of residential property in Portland will be based on walking distances to Costco and Wal-Mart.

Curious, I don't see rail tracks headed towards any of those.


Even I'm not that bearish.

I noticed yesterday that the Sharper Image is closing in Pioneer Mall. If you've got the cash, you can take advantage of some nice deals.

Not a real surprise Jack. The Wall Street Journal has been reporting various store closings and bankruptcies since last fall. This is not a great time to be a retail store landlord or invest in shopping center stocks.
Costco, K-Mart and WalMart will do well in the current economic environment. But others like Macy's and Nordstrom will have their challenges.

Bush doesn't see a recession because all of his buddies are in the oil business and they are currently wiping their collective a** with Benjamins.

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