Retail sector: meltdown or temporary glitch?
The recent spate of household-name retailers going into meltdown has been a cause for concern, but just how serious are the wider implications?
The latest run of high street administrations and store closures is fast turning into a worrying trend and as such, we’ve provided a round-up of some of the common factors involved.
Continued...
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It was silly in 2003, yes 2003, that was when they should have p
Because of terrible regulation and governmental decisions we knew there had to be an economic depression. While they have printed money, technically averaging out a depression into recessions, the consequences of their decisions are only just hatching and we will end up in some form of economic catastrophe. The only thing that might avoid such is the state of China being pulled apart.
What has happened with many of these failed retailers is the result of various issues, though their "iceberg" has been inflation undermining consumer spending money and economic confidence. With even Joe Public realising the country is in a terrible state, and only likely to get worse, those in a tight situation won't spend money.
Commodities are in dollars and just look at the lack of confidence causing it to continue dropping against the Swiss Frank, it's becoming deeply alarming; prices will continue to rise no matter how much the Government fiddles the stats.