The Economy Is Okay? U.S. Retail Store Closings Hit A New Record High As West Coast Homelessness Soars

If the U. S. economy is doing just fine, why have we already shattered the all-time record for retail store closings in a single year? Whenever I write about our ‘retail apocalypse’, many try to counter my arguments by pointing out the growing dominance of Amazon. And I certainly can’t deny that online shopping is on the rise, but it still accounts for less than 10 percent of total U. S. retail sales. No, something bigger is happening in our economy, and it isn’t receiving nearly enough attention from the mainstream media.
Back in 2008, a plummeting economy absolutely devastated retailers and it resulted in an all-time record of 6,163 retail stores being closed that year.
So far in 2017, over 6,700 stores have been shut down and we still have nearly two months to go! The following comes from CNN…

This post was published at The Economic Collapse Blog on November 6th, 2017.