With Macy’s, Sears, Chico’s and other mall retailers all shuttering locations, it seems big malls are going to be in trouble sooner rather than later.
As you are aware, we are in the midst of the biggest stock bubble in American history. In all probability, it is the biggest stock bubble in human history.
If you look at the big jump that happened in the Dollar Index starting in 2013 … this did not happen because of strength. It happened because of weakness.
In 1957, a dollar of debt produced $0.54 of additional income. No longer. Debt has increased more than twice as fast as the growth of the economy.