ZeroHedge, where the Great Collapse is always just a day away but never comes.
6,000 stores out of how many total? How many are old stores that have been replaced by new ones in nearby locations? Yes, we have excess retail space. We also have MUCH higher internet sales. The market is adjusting, as always.
We’ve also been in a depression since 2008, this is to be expected. We will continue like this for close to 10 more years, get used to it.
But we won’t collapse, though it’s fine to prepare for that contingency. Just remember to prepare for “muddle through” also, which is much more likely.
Yes, ZH is interesting, but they’ve been predicting imminent doom for quite some time now. They are sort of the secular version of those always looking for signs of the end times.