Summary
This just confirms what this writer posted with the last three analysis'.
With tight credit, high unemployment, and a continuing battered housing market, there is no relief in sight and the consumer is loudly sending the message.
Analysis
This will be short...read this article closely and let me know if the numbers reported today don't leave any doubt that support what this writer has been saying all along about why the economy and the commercial real estate market won't be seeing any improvement anytime in the near future.
There is a fools game being played by the Federal Government. It's as if after all the Trillions of Dollars they have spent they are now just trying to will the economy back to health. The article sharply and rightly points out how fragile this so-called recovery is (if in fact it's deemed an official recovery) and how close we are to falling back into recession or better put remaining in this historic great recession.
They may have prevented the patient from dying, however the patient needs major rehab to get on its feet. That part the Government is leaving out because they know it will be a long haul before there is any apparent improvement in the economy and hence the commercial real estate market.
This is really bad news for the retailers and shopping center owners never mind the other commercial real estate sectors.
