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$52 Billion in Missed Rent May Push Retail Sector Over the Edge! Historic Losses

MAJOR RENT CRISIS FOR REATAIL

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Each sector has felt the Crisis of 2020 differently, that’s for sure. Retail has taken a huge hit, there’s no doubt and as a result, the data is piling up and won’t stop. We have seen such a massive injection of capital into the system but it won’t do any good. This sector was weakened before 2020 and this just put it over the edge. W[h]at will come of all of this commercial real estate?

 

Struggling Retailers Rack Up $52 Billion in Missed Rent – Bloomberg

https://www.bloomberg.com/news/articles/2020-11-19/struggling-retailers-rack-up-52-billion-in-missed-rent?sref=RJ2RlMrh

Delayed unemployment benefits led to $20,000 in credit card debt

https://www.cnbc.com/2020/11/21/delayed-unemployment-benefits-led-to-20000-in-credit-card-debt-.html

change in debt to gdp.jpg (720×694)

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Kenya Seeks $2.3 Billion Loan From IMF to Help Economic Recovery – Bloomberg

https://www.bloomberg.com/news/articles/2020-11-23/kenya-seeks-2-3-billion-loan-from-imf-to-help-economic-recovery?srnd=premium-canada

. [Guitar Center Takes Next Step to Recapitalize Company with Comprehensive Support Agreement and Financing]

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Dow could hit the 40,000-point level next year, analyst says

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Amazon Expands Push Into Health Care With Online Pharmacy – Bloomberg

https://www.bloomberg.com/news/articles/2020-11-17/amazon-expands-push-into-health-care-with-online-pharmacy?srnd=premium-canada

Buffett bets on big pharma and bails on banks

Buffett bets on big pharma and bails on banks

Berkshire Hathaway takes new stakes in Pfizer and Merck and increases its stake in AbbVie and Bristol-Myers Squibb

Tech icon criticizes San Francisco, announces move to Florida: ‘Impossible to stay here’

Tech icon criticizes San Francisco, announces move to Florida

Keith Rabois, an early executive and investor at PayPal, Square, LinkedIn and more, told…

Caribbean Island Work Rule and Covid-19: How to Enter, What Visa, How Long Stay – Bloomberg

https://www.bloomberg.com/news/articles/2020-11-17/work-here-tourist-starved-caribbean-woos-homebound-employees?srnd=premium-canada

Canadian Housing Market Gets Reality Check With Drop in Sales – Bloomberg

https://www.bloomberg.com/news/articles/2020-11-16/canadian-home-sales-drop-0-7-in-october-in-sign-of-cooling?srnd=premium-canada

Worldwide Cost of Living 2020 – Economist Intelligence Unit

Worldwide Cost of Living 2020

The Worldwide Cost of Living Survey compares more than 400 individual prices across 160 products and services in cities around the world


The stock market has been driven higher by ultra low interest rates. The economy is going in a very different direction in 2020.


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The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.

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Lightbody61
Lightbody61
November 25, 2020

Don’t worry, the democrat communists have a plan.

Blame Trump.

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