THE GHOST MALLS OF CHINA
Posted on 10/26/2015 8:21:27 AM PDT by SeekAndFind
Amazon,
We sell very little to China that is made in the USA. So technically if China completely fails it should have very little impact.
Life after Chinese ?
Because lies are the mother’s milk of Communism.
Who wants to go to malls here in the US when there are better alternatives?
Everyone Is Asking: “If Chinese Consumption Is Rising, Why Are Its Malls Empty?”
I guess “Everyone” has been asking that except for MNDude. I really had no idea their malls are empty!
I don’t know about China, but the very last place in this country I would go to is a traditional mall to get something. Parking, walking, searching are the traditional problems.
Couple that with the crime that accompanies it because Obama and Democrats (with willing GOPe support) have given their voters enough ‘free time’ to go out and forage for goodies (i.e., crime on the unsuspecting) and you have a real turn-off.
I have never been robbed, mugged or bothered here at home on my computer. Amazon and all the other retailers have an online presence that is absent Obama voters, and I can get my stuff very quickly. Outside of malware and virus protection, the needs to shop are relatively painless.
I'm doing pretty much all my shopping online these days. Just this past week I had scotch tape, a grill cleaning brush, bird seed and a garden rake sent to my house. The most ordinary items that I used to go to Home Depot, Wal-Mart or the local hardware store for.
I would not want to be working in a retail brick-and-mortar place these days.
My wife and I hit our local mall maybe once a month and it isn't to shop. There is a small frozen yogurt stand we hit. I did notice the other day while I was there that it was empty. I told my wife that our time there might be winding down...
If China finds itself having to sell all the US t-bills they're holding, in order to pay their bills, then we will be affected VERY quickly.
..but wait......I thought China was winning and we were losing? I thought China was kicking our butts? I thought we were toast unless we elected the negotiator god to make it all better?
China, How it is - Shopping Malls
https://www.youtube.com/watch?v=_MZUSf5Xfl0
Case in point: Reuters asks this morning “why are malls closing if consumption is rising?”
Overbuilding in response to rising demand is a time-honored business tradition. It has happened in the USA many times. I went through 3 cycles of it in my real estate career.
ZeroHedge, where the economic world is always ending tomorrow.
Malls and other shopping centers in the US have been moving towards services like dentists, vets, hair places and of course restaurants and bars - and away from hard good purchasing. So much has changed about this in the past 20 years or so.
Maybe the Chinese don’t want to buy on credit and incur $4 trillion in debt.
An hour later, you’ll want to go shopping again.
=^)
CC
Case in point: Reuters asks this morning “why are malls closing if consumption is rising?”
Overbuilding in response to rising demand is a time-honored business tradition. It has happened in the USA many times. I went through 3 cycles of it in my real estate career.
ZeroHedge, where the economic world is always ending tomorrow. With helpful charts!
In China, who needs to go to a mall. Tons of foot traffic along any neighborhood street. Why would a store owner pay for a huge rent in a mall when they can pay much less almost anyplace else.
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