Replies

Welcome to the next bubble about to be burst. NOTHING is quite so overbuilt as strip malls, historically speaking.

Well they sure as heck haven't let a little thing like high vacancy rates stop them. They're still building more. Maybe too much money in REIT's being "put to work" for investors. Once they fold, some insiders are going to pick up the pieces for cents on the dollar.

Richard W.

this is hilarious, gold-bug tag team action. First of all the premise of the posted article is incorrect - the Fed has merely commented on things they could do - like repurchases - should deflation actually become a problem (something Greenspan has since confirmed is being held well at bay in his opinion).
Second is the tag team pre-emptive hysteria mongering, I can only presume, the attention will now be focused on REITs. For those susceptible to the foolishness & absurdities often postulated in these parts, aside from the mortgage REITs (which usually deal in 2nd tier loans & are highly susceptible to interest rates, etc.) there are more types of real property REITs than one can imagine, from public storage to forest land to amusement parks to office spaces to warehouses or car lots to regional (ie DC) locations and, of course, any myriad of combinations of retail operations including strip malls and those of the conventional retail variety.
Now even more humerous is the image of these gold-bugs prowling the streets & counting "for lease" signs and what not to keep themselves reassured when they're not posting gloom & doom & imminent hysteria, is the total lack of appreciation these people have for the value of real property in the United States, when such is always in demand & of long term value. It's quite synonomous with how the Puplava disciples have to always go back and cite Gateway as their rationale for perpetually hating equitites at near any absolute valuation.
In this case REITs, as a whole, are so diverse and so numerous, their dismissal in whole or part in such fashion is outright ridiculous and I imagine only worthy of those for whom so much of their financial wealth & fortune is tied up in gold as a mere commodity whose real value lies in the degree of fear & panic they can muster.