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.
| Posted at 9:05 PM | Permalink |
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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.
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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.
Posted by Abe | April 14, 2008 10:41 PM
A DEPRESSION?!
Even I'm not that bearish.
Posted by Clint8200 | April 14, 2008 11:18 PM
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.
Posted by laurelann | April 15, 2008 9:12 AM
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.
Posted by Dave A. | April 15, 2008 9:57 AM
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.
Posted by none | April 15, 2008 2:08 PM