Guest Post: Pursuing Opportunities Of The Past
December 3, 2012 - 11:28am
Submitted by Charles Hugh-Smith of OfTwoMinds blog, Pursuing opportunities of the past only speeds the dissolution of any Status Quo that depends on spent models of growth. If we had to summarize the global effort to reflate various debt and asset bubbles to "restart growth," we might say the Status Quo is pursuing opportunities of the past. Let's start with investing in real estate. Retail space is in massive oversupply. Others have done an excellent job describing the overcapacity, high vacancy rates and cannibalizing of sales at existing stores by adding stores: Are you seeing what I'm seeing? Suffice it to say that an era of deleveraging, declining household income and aging populace is not a good foundation for retail expansion. The wave of creative destruction unleashed by the Internet has yet to envelop commercial of...
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