Price Deflation Accellerating
Retailers, having just struggled through one of the worst holiday shopping seasons in recent memory, are now trying to share the pain with their landlords.
Many stores are pushing to negotiate lower rents, warning that they mightn't be able to make it unless their costs are cut. Those in stronger positions are finding that the market's turmoil has provided them clout to haggle for lower lease rates.
The above from today's WSJ....
Wages crashing, house prices crashing, land values crashing, commercial building values crashing, stock prices crashing, now rents crashing........its just one big 50% off sale......and some people are still squawking about price inflation???? How hard or big must the 2X4 be before they see the light????
Let's see how low prices can go?????