How much over capacity do we have in retail and banking. My guess is about 50% too many stores and employees in both.
Stupid us for borrowing all that money forcing those bankers to make all that money and building those really tall buildings and tricking those retailers to thinking that their rising sales was sustainable and building all those really big boxes.
Now that the bankers are cutting us off from home equity loans, credit card availability, liar loans, neg am mortgages, sub prime loans, auction rate securities, goofy private equity deals.....who are they going to loan to now...., condo developers?
Does anyone have an answer?