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alstry (36.27)

50% Contraction?

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June 23, 2008 – Comments (4)

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?

4 Comments – Post Your Own

#1) On June 23, 2008 at 1:35 PM, imobillc (< 20) wrote:

I hope that you are being sarcastic when you say "stupid us", "forcing those bankers" and "tricking those retailers".

Because everyone of us new what we were getting ourselves into, from day one.

Some of us just choose to ignored the facts.

Everyone made money and spent money like there was no tomorrow.

So lets just face the consequences and stop guessing.... 50% you wish! (more like 150%)

 

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#2) On June 23, 2008 at 1:37 PM, alstry (36.27) wrote:

:)

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#3) On June 23, 2008 at 1:54 PM, chk999 (99.97) wrote:

Where do you get the 50% overbuild from? If that were true, we would have seen a lot of retail outlets closing even before the economic contraction.

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#4) On June 23, 2008 at 1:55 PM, hansthered0 (< 20) wrote:

At least our currency is strong....oh wait.

doh!

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