It’s like a scene out of “Resident Evil.”
Sheets of newspaper scratch along the dusty linoleum floor as the wind beats them into the remnants of a bench… or through the open glass door and into the darkened, empty space beyond.
Escalators haven’t run in decades.
The air itself looks dusty.
Could this really be the future of the American mall?
Not unless we have a nuclear apocalypse!
As for this retail apocalypse you’ve been hearing so much about…
Well, it’s bad – yes! – and it’s going to get worse, but I’m writing today to tell you it was totally predictable!
In fact, just like we forecast that Harley Davidson would suffer, so too did we forecast that retail stores would take it in the nuts as the Baby Boomers moved along their predictable spending wave!
Yes, the retail, brick-and-mortar, industry is suffering because there are too many stores… because online shopping is growing exponentially… and because shoppers are “moving toward experience…”
Yes, Amazon (AMZN) stock price broke the $1,000 mark at the end of May.
Yes, the Dow is still just over 21,000 likely heading towards 22,000-plus after a near term correction. Investors still believe in the Trump magic wand of lower taxes and regulations that first, may not happen, and second will not be as big an impact as economists think because businesses are already over-expanded from the bubble boom and we are back at full employment with lower workforce growth ahead.
But there’s something so much bigger than all of these things going on, and everyone seems to be missing it!
For all the reports I’ve read on this issue… for all the analyses and insights… the mainstream media is missing what’s right in front of their noses!
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