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Thursday, March 12, 2009

macroeconomic miss?

Sadly, macroeconomic indicators point to a depression worse than that of the 1930's when property prices fell over 90% and commercial real estate is going to get hit hard in our economic crisis. Unless we take strong medicine the patient will not recover and soon we shall see Ghost Malls in place of thriving shopping centers.

OK, now our macroeconomic models show a collapsar catastrophe as spending falls off a cliff due to falling prices of stocks and houses. People cannot sell stocks to get money or borrow against their homes like before. Analysts are expecting our commercial real estate market to implode later this year.