A 'tsunami' of store closings expected to hit retail

CNBC: Get ready for the next era in retail, one that will be characterized by far fewer shops and smaller store footprints.

There are three or four malls within a 40 mile square radius of Coal Speaker home base that are practically empty.. Malls try their best to hide empty stores with decoration and advertisements, but there are barren spots. Too many..

I recall those wonderful days of fall, back in the 1980s and 90s when malls were busy.. Internet came and shut it all down.

I know I actively take part in the current day Internet fad. But I will miss stores. I will miss malls. I will miss places like that.

We all will.

It would seem the economy is about to get a big hit this year.. if CNBC is right, a lot of places you shop at (or don’t?) are about to close doors. JC Pennys was first. Who’s next?

A 'tsunami' of store closings expected to hit retail

The lost generation: Poverty in the United States is now on track to be at the highest since the 1960s

In related news. The Federal Reserve has plans to keep pumping. And the economy has its own plans. Apparently earnings now show that whatever ‘recovery’ has been going on is sputtering and another recession (as if we have not been in a depression for years!) is about to take place.. Hold on to your hat, coat.. undergarment, whatever you can still afford in this messy new life.

The lost generation indeed. Millions will grow up in a class lower than the middle, as the middle keeps shrinking, the lowest keeps peaking, and the highest keeps shrieking. This is our new life America.. 

The Great Society is back.

The lost generation: Poverty in the United States is now on track to be at the highest since the 1960s

A new generation: Moving home

The economy is forcing parents to take back in their adult children along with their children’s children.. a new and evolving economy *(depression) recession is causing such upheaval that kids are being left with no choice but to move back to the original nest. Empty nest no more.. wonder if the parents will re-ignite their parental roles and mandate curfews?

Nonetheless, we can laugh if we all so choose, but instead we should cry. A new generation, one that was promised an American dream, is being forced to live out a long nightmare. Barely able to afford car payments.. trying to scrounge together cash for basic groceries. Yes, indeed, this is a new world that looks a lot like an old one.. The 1950s through 90s perhaps were the waning days of prosperity in this country.

A new generation: Moving home

Welcome to the new America? Heartbreaking Pictures From NJ Homeless ‘Tent City’ .. 

Amazing… sad.. .and all too real photos.

Politicians and experts who say the recession is over? Paying attention yet!?

Experts warn: A second and more severe United States recession is imminent

Experts warn: A second and more severe United States recession is imminent

Robert Reich warns of a double dip recession..

For that to occur, there would have had to be a rebound, no?

Robert Reich warns of a double dip recession..

'HORROR FOR THE ECONOMY' .. DATA 'FALLS OFF A CLIFF'

Wall Street fell today..

Real fears of a ‘great great depression’ in the news as people wondered why some on Wall Street are just noticing what America has been feeling since 2007

'HORROR FOR THE ECONOMY' .. DATA 'FALLS OFF A CLIFF'

Here's a happy mid-day lift for you

Who owns America, and consequently, you?

China 20.4%..
Japan 20.2%
England 12.4%
Oil exports 5%

And the list goes on, with some fine folks like Brazil, Caribbean Bankers, Hong Kong, and the friends to the North in Canada.

You can find the full amount of information on our owners here..

Now hopefully if our dollar keeps crashing none of the owners will try to collect on the debt…

Just 'paperwork delays'?

Jobless claims rise—highest in two months..