AFTER TRAVELING IN ASIA FOR SIX WEEKS ... I HAVE COME TO THE CONCLUSION THAT THE ENTIRE GLOBAL ECONOMY IS MASSIVELY "OVER-STORED"...
THERE ARE SIMPLY MORE MALLS AND STORES THAN THERE ARE CONSUMERS TO SHOP IN THEM...
YOU SEE THIS ALL OVER ASIA...WHERE MEGA-MALLS ABOUND...
AND IN THE US THE DECLINE OF THE MIDDLE CLASS HAS CONTINUED APACE...
LIKELY THIS "OVER STOREING" ...IS THE RESULT OF THE CONCENTRATION OF WEALTH IN THE 1990S....
AS CAPITAL "WON" THE ECONOMIC ARGUMENTS GLOBALLY...THE CONSUMING CLASS LOST... IT WORKED FOR A WHILE WITH THE BUBBLES...WHICH BENEFITED BOTH THE CAPITAL CLASS AND THE CONSUMING CLASS BUT THE CRASH ENDED THAT...
NOW WE HAVE A WORLD AWASH IN SHOPPING MALLS...WITH FEW PEOPLE THAT CAN AFFORD TO SHOP IN THEM...
UNLESS AND UNTIL THE "CONSUMING CLASS" IS RESTORED...THIS DEPRESSION WILL CONTINUE...AND GET MUCH WORSE... AND RIGHT NOW THERE IS NO EVIDENCE THAT THAT CAN HAPPEN SOON.
