Has the beginning of the second Great Depression arrived?
With an estimated 8,600 retail outlet closures and an already guaranteed 3,500 slated to close over the next two months, 2017 is starting to look like a record breaking year for retail outlet closures.
While a lot of this is due in part to an ever changing business model towards online only sales, bankruptcies and bankruptcy protections are also surging at record pace. One thing is clear; the consumer is out of cash. Things can only get worse from here.
The information provided in this video is for educational purposes only. No product or advice is being sold and the material obtained for this video is for informational fair use reference only. A list of sources and their websites is listed below.
Soure/credit:
Images - personal renders
Facts/information -
http://www.zerohedge.com/news/2017-04-22/retail-bubble-has-now-burst-record-8640-stores-are-closing-2017
http://www.businessinsider.com/the-retail-apocalypse-has-officially-descended-on-america-2017-3
Auto sales are slumping hard too.
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Yes. The bigger elephant in the room is no longer sales, but the worldwide national debt that is now in excess of $152 Trillion. It no longer matters what sales figures are, there simply can never be enough new sales to compensate for interest on the debts.
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