"The Worst Is Yet to Come": If You're Not Petrified, You're Not Paying Attention

"The Worst Is Yet to Come": If You're Not Petrified, You're Not Paying Attention
"We're in a complete mess and the consumer is smart enough to know it," says Davidowitz, whose firm does consulting for the retail industry. "If the consumer isn't petrified, he or she is a damn fool."
http://finance.yahoo.com/tech-ticker/article/248398/%22The-Worst-Is-Yet-to-Come%22-If-You%27re-Not-Petrified-You%27re-Not-Paying-Attention?tickers=^DJI,^GSPC,DDR,XLF,GM,RWR?sec=topStories&pos=9&asset=&ccode=

Next shoe to drop commercial real estate. Först hade vi subprime och lån till fattiga som eg inte alls skulle ha beviljats lån. Vi avancerar nu uppåt i värdekjedjan, auto loans, kontokorts krediter, kommersiella fastigheter, köpcentra och medelklassen. Nu har USAs näst största köpcentra konkat:

General Growth files historic real estate bankruptcy
General Growth Properties Inc, the second-largest U.S. mall owner, declared bankruptcy on Thursday in the biggest real estate failure in U.S. history.
Ending months of speculation, General Growth, along with 158 of its 200-plus U.S. malls, filed Chapter 11 while it tries to refinance its debts.
http://www.reuters.com/article/newsOne/idUSLG52607220090416