"If people lose everything they start losing it." I know as I've heard it a hundred times from him. I didn't even listen to the audio. But I'm sure this sentence is in there. "If there names would be Celente, Caruso,....". LOL
Talked to a good client today with a retail store. They haven't paid their rent in 3 months. They said store traffic is down to nothing and the other stores in the "mall" are dead too. It's in a very wealthy area but everything is drying up.
Folks here is what is realy happening. Commercial real estate is not going to crash because the economy is growing again, unemployment is going down, retails sales jumped 2.7% more that economists(they are real economists not the fake one you have here) predicted, business confidence is at its highest, consumer spending is rising and etc etc etc.....
Anonymous... all i can say to that last post is : ROTFL !!!!! seriously, im rolling on the floor laughing at YOU ! You must be the Kool Aide Czar, cuz you sure have been drinking a lot of it to post something like that!!! lol!
7:17 your views are from the kaysian economics theory or grade school, perhaps grade 4. Outdated and out of sync. You may want to educate yourself by reading every post here. Stop making a complete FOOL out of yourself daily..
I live in Miami, Fl and commerical real estate is taking a beating. There are for sale or lease signs everywhere. Small businesses are being hit the most. I've lived here 30 years and have never seen anything like this.
My company has been profitable for 30+ years except this year. We are downsizing 60%. Many 15+ year employees being laid off. The ones that stay get a 25% across the board pay cut. We have explained to them the reality of the situation. Not being greedy but doing what we need to in order to survive a little longer.
Unless the REAL economy improves by next spring we will be closing down and another 45 people will be unemployed. REAL meaning not the crap they are spewing on TV. We don't have the government handing us billions of taxpayer money.
Half the offices around us already have lease signs up. Every moving van you see is moving people out, not in.
The commercial real estate collapse is going to be absolutely horrific. Plywood for the windows will surely be a top seller.
It is heartbreaking to layoff people you have worked with for many years, very stressful. Not all employers are heartless. We are just trying to survive and you cannot do that with overhead and payroll with no business coming in the door.
10.49 , my parents are also in Business , they have seen 4 recessions and , well they,ve never seen it this slow NEVER this bad, they employe only 1 other employee hes my brother , the apprentice heheh in the Plumbing/Water treatment and Heating business(all aspects) , He now the only plumber in town and people are calling him to do even the basic repairs , so what are people doing ? Only god knows becasue furnaces and boilers need parts to run and here in Canada , standards are very very very strict (if the electrical or gas meter man sees something faulty he calls the inspector at ONCE and the appliance is shut down and tagged til it is serviced or repaired !!), and need a technical mindset to fix them , so no parts and service means no heat or water this winter for many aparently . and i doubt people are learning the skills needed to do the job themselves , but ia am sure this depression or collapse will sure kick a few people in the head to get them to learn how to do basic home/mechanical repairs , i very hop so because its going to be a very long and cold winter for them !!
Celent really does very well at spotting trends, but like one of you guys mentioned, his "when people have nothing to lose, they lose it", "i'm a bronx boy", I'm a political atheist", "if their names were ... (italian suffix)" references are really getting tiresome.
BUT... I once heard him in one of his myriad of these carbon-copy interviews refer to the "Zionists". It then became clear to me who this guy is.
Do you mind if I quote a few of your posts as long as I provide credit and sources back to your site? My website is in the very same area of interest as yours and my visitors would certainly benefit from a lot of the information you present here. Please let me know if this okay with you. Appreciate it!
I am curious to find out what blog system you have been utilizing? I'm experiencing some small security problems with my latest website and I would like to find something more secure. Do you have any solutions?
I seldom comment, but i did some searching and wound up here "Gerald Celente : When Commercial Real Estate Crashes There's Going to Be No Bottom". And I do have a few questions for you if you do not mind. Is it simply me or does it give the impression like a few of these comments look as if they are coming from brain dead individuals? :-P And, if you are posting at other online social sites, I would like to follow everything fresh you have to post. Could you make a list of all of all your social sites like your Facebook page, twitter feed, or linkedin profile?
"If people lose everything they start losing it." I know as I've heard it a hundred times from him. I didn't even listen to the audio. But I'm sure this sentence is in there. "If there names would be Celente, Caruso,....". LOL
ReplyDelete"If their names...". Sorry, will never happen again. LOL
ReplyDeleteYou say it won't happen again...
ReplyDeletebut how do we KNOW.
Oi Vey do you believe this Celente guy?
ReplyDeleteI mean WHO KNEW right?
Oi Vey
Talked to a good client today with a retail store. They haven't paid their rent in 3 months. They said store traffic is down to nothing and the other stores in the "mall" are dead too. It's in a very wealthy area but everything is drying up.
ReplyDeleteFolks here is what is realy happening. Commercial real estate is not going to crash because the economy is growing again, unemployment is going down, retails sales jumped 2.7% more that economists(they are real economists not the fake one you have here) predicted, business confidence is at its highest, consumer spending is rising and etc etc etc.....
ReplyDeleteplease wake up there is no collapse.
Anonymous... all i can say to that last post is : ROTFL !!!!! seriously, im rolling on the floor laughing at YOU ! You must be the Kool Aide Czar, cuz you sure have been drinking a lot of it to post something like that!!! lol!
ReplyDelete7:17 your views are from the kaysian economics theory or grade school, perhaps grade 4. Outdated and out of sync. You may want to educate yourself by reading every post here. Stop making a complete FOOL out of yourself daily..
ReplyDeleteIn order to get to the future, the bridges to the past must be burnt.
ReplyDeleteThings are collapsing, but the more you know about the past... do you really want it to continue?
Humantity is ready for a quantum leap. You know this, you feel it, and it is unexplainable. The simple truth is... something BIG is on the horizon.
Buckle up, for you live in interesting times.
I live in Miami, Fl and commerical real estate is taking a beating. There are for sale or lease signs everywhere. Small businesses are being hit the most. I've lived here 30 years and have never seen anything like this.
ReplyDeleteHere is a short list of businesses closing around the USA this month:
ReplyDeleteSeptember 16 , 2009
Dollar / Thrifty to close more locations
Gladys Young Closing Car Dealership
Corsicana Window Factory closing by Sept 25
September 15 , 2009
Update: Hale's Department Store in Michigan closed today
Update: Metaldyne Corporation to completely close Operations in Whitsett by Dec
Cameron Family Glass Packaging Company
Lyondell Basell to close Plant in England
Audio - Visual Video Center in Lincoln NE
Beverly Hall Furniture Store
Algabar in LA
Salvation Army to close 2 Louisville Thrift Store
Spain Plans to Close New Orleans Consulate
Nikki Beach Resort closes?
Giant Foods Closing Tollgate Mall Store
Update: Altus Pharmaceuticals winding down operations
Blockbuster May Close 960 Stores by 2011
Oklahoma - Budget Cutbacks Result in Small Town Police Departments Closing
Courtesy Automotive Team closing Sept 30
Goodwill Store in Madison
Cici's Pizza Restaurant closed
The Exchange Store in Halifax
September 14 , 2009
Village Bank Closing 3 out of its 4 Branches
Myers Industries to close 2 Plants - Cut 158 Jobs
Sick Stegmann Inc closes - 38 jobs gone
Blockbuster in Billings closing this week
RBS - Closing Overseas Commercial Unit
Kohler Plant in Searcy Closing by Nov 25 - 57 Layoffs
The Museum Shop in Aurora
Philadelphia to close all Free Public Libraries Oct 2??
New Knox County - Plan New Central Library and close 8 others
Elizabeth's Elegant Bridal
Star Surfing Company
The Red Wing Shoe Store in Great Falls
--------------------------------------------------------------------------------
September 13 , 2009
Atlantic City Casino may be in Jeopardy of Closing
Leisure Time Pet and Hobby
Microsoft Closes ACES Studios?
Columbia Power Sports
--------------------------------------------------------------------------------
September 12 , 2009
Gallery Arts in Downtown Roseburg
Eno Cabinet Works - Closed Aug 28th
Metro Community Provider Health Clinic in Bailey
Arvin Sango closing Merced Plant
CSL Plasma in Huntington
Spec's Wine and Spirits Closing Store
--------------------------------------------------------------------------------
September 11 , 2009
Tweed Store
Liberty Thrift to close Gilbertsville Location
Business Bank to Close Lynden Branch
Belstone Gallery
Stacy's Men Shop in Alma
Olive May Natural Foods
Pops Tunes
Cats Music and DVDs
Fjord's Ice Cream Shop in Rapid City
Zender's Store closing Sunday
Destiny Foundation
Dell Closing Twin Falls Call Center - 500 layoffs
Youth Development Center in Milledgeville Possible Closing
--------------------------------------------------------------------------------
September 10 , 2009
Constellation Brands Inc. to close Widmer Winery in Naples
Davidson Cornelius Day Care Center in Jeopardy of Closing because of the economy
Massachusetts Considers closing 4 Prisons
Sonoco Closing its Orrville Ohio Plant by March 2010
Piscataqua Fine Arts in Portsmouth
Dow Chemical to close Freeport Texas Plant
Pfeiffer Foods
Westside Pharmacy in Seattle closing but maybe Open Another Store??
L'lle de France - General Store
Guise Chic Store Possibly Closing
Balkamp closing Plant - 100 jobs lost
UBS to close NYC Art Gallery in October
Bank of America to close Thomaston Branch
Update: 57 Heaven Auto Museum
Artisan Furniture LTD
Cost Plus World Market Closing Store - 17 job losses result
AET closing Terre Haute Facility
Tremont Goodie Shop
Santa Clara VTA - Bus and Light Rail Cuts / Service Reductions
High Points Coffee closing 3 stores
SGCI Communications closed last Week
Spartech Corp closing Lockport NY Plant
Cessna closing its Bend Oregon Facility
Bosco Group Home ( International )
Starbucks Located in Upper Marlboro
September 9 , 2009
ReplyDeleteNatural Bridge Juvenile Correctional Center to close? 68 Jobs at risk
Jax New Orleans Bistro closed
Sullivan's Metropolitan Grill closing Sat
Monahan Filaments to close Middlebury Plant - 69 layoffs resulting
Ride the Ducks Conducts Last Tour of Baltimore on Labor Day. Shutting down for good??
Victor Valley Museum may close
Uniquely Ohio Store
GM considers 3 Plant closures in Europe
3 Portland Restaurants to Close
New Breed Logistics closing Kansas City Office - lays off 53
Wolfgang Puck Express
Update: Dillard's at Desoto Square Mall Closing Nov 3
Denver Library Plans Cut - Closing Byers Branch
Shell Gas Station in Central Lonsdale ( International )
Embarq to close Call Center - 65 job losses
Katie's Pretzels in Carr Mill Mall
Hamann's Variety Store
Konocti Harbor to close in November for how long?? - 700 Layoffs may result
Botetourt Correctional Center closing
Menasha Utilities Steam Plant Closing Oct 9 - 20 Layoffs
22 Kmarts and 6 Sears Stores to Close this Fall
Sutton Motors
Meeker's Hardware to Close for 5 months
September 8 , 2009
Buell Motorcycles to Temporary close East Troy Plant
Harley Davidson plans to close Wauwatosa and Franklin Centers by Sept 25
6 California D. Violence Shelters Closing
Tartan Athletic Club at Corazon Closes Temporary?
The Stereo Store in Eugene
BASF to close German Nylon 6 Plant in 2010
Shaw Industries closing Plant DX in Ringgold Georgia - 430 possible job losses
Sam's Wine and Spirits Closing Highland Park Store
Palm Desert Country Club
Big Monkey Comics to Close
MEMC Electronic Materials closing Sherman Texas and St. Peters Mo Plants. - 540 Job Losses Resulting
Boston University's GSU Post Office Set to Close
Huntsman Corporation to Close Australian Styrenics Operations
September 7 , 2009
Big Surf Water Park possibly closing for good?
El Dia, Houston's Spanish Newspaper Ends Publication
The Raven's Journey
Hamzi's Family Restaurant
Hulett & Sons Jewelers in Hackett's Store closing
Chief Grocery Store
Update: Mercury Marine to close Oklahoma Plant within 2 years
September 6 , 2009
Boardman Township Rotates Closing Fire Stations to avoid layoffs
Louisiana Wildlife and Fisheries District 4 Office to close
Gina's Clothing Store
Belonging Furniture & Accessories to be closing
September 5 , 2009
The Grey House Grill Closing for Good?
Meriwether Restaurant
Chatfield Balloon Festival closing down
Akron Thermal LLP Closing..City taking over?
September 4 , 2009
ReplyDeleteAddam's University Bookstore
Phelps's Shoes & Repair
Monsanto's Closing Chatham Facility next May
Farmington Valley Art Center
Rexam closing Florida Foam Dispensing Facility
Hair Salon at University of Alabama
National Recycling Coalition
Embraq Call Center in New Bern closing - 100 layoffs
Fuller's Jewelers
--------------------------------------------------------------------------------
September 3 , 2009
Update: Sarasota News and Books Closing
Foster's Furniture
Sun-Times Group closing Northfield Plant
Doppelganger ( International ) Closing 2 Call Centres
Doc's Steakhouse closed Sunday
Time Warner Cable Shuts down Fayetteville Call Center
Raytown Post closing
Reverb closed Sheffield Store (UK)
Starbucks closing Western Crossing Store
Guided By Grace in Adrian Michigan
Dixie Pallets closed forever?
Bridal Galley of Franklin
The Super Dollar Store
--------------------------------------------------------------------------------
September 2 , 2009
City of Fort Worth looking at closing Pools, vs Closing Libraries next year
Valley Christian Academy
Post Office Narrows Possible Office Closures to 413
Rexam Beauty and Closures
OfficeMax Contact Center to close
Covello Motor Company
Lezzer Lumber Store in Grove City
Hunter Furniture Company in Birmingham
Kmart closing Glen Burnie Store by Mid Nov - 80 layoffs resulting
Devil Dog Factory Store in Zebulon , NC
Bexar County closing 3 buildings
BioDelivery Science International to close laboratory in Newark NJ
Pacific Rail Systems closes Memphis Office - 118 Jobs Lost
Shoony's Restaurant in Picayune, Miss.
Bobcat Co. to close Bismarck Plant
Powerhouse Gym in Saginaw Township closed
Librarie de France in Rockefeller Square closing
Shaw's Candy and Ice Cream
Stein Mart in Downtown Clearwater
TTM Technologies Inc - Closing 2 Plants
--------------------------------------------------------------------------------
September 1 , 2009
Picher Oklahoma - Many City Offices Closing
Some Peaberry Coffee Stores in Denver closing
YB Meats at Normandie Center Closed
Smith's Furniture closing 2 locations
Maysteel to close Menomonee Plant - 190 layoffs
Aubuchon Hardware in Vermont
GTE Federal Credit Union closing The Jasper , White Springs and Lake City Branches
The Piggy Wiggly is not closing Dublin Store
Commentary Art Dealers of Dallas closing Art Lab
GM to close 46 Canadian Saturn Stores by Year End
Mickey's Hallmark in Farmington
2 Blockbusters closed in Albuquerque
Wal-Mart Closes its New Britain Connecticut Store
University of California Closing Sacramento Center
Around 100 California State Parks to be Closed after Labor Day
My company has been profitable for 30+ years except this year. We are downsizing 60%. Many 15+ year employees being laid off. The ones that stay get a 25% across the board pay cut. We have explained to them the reality of the situation. Not being greedy but doing what we need to in order to survive a little longer.
ReplyDeleteUnless the REAL economy improves by next spring we will be closing down and another 45 people will be unemployed. REAL meaning not the crap they are spewing on TV. We don't have the government handing us billions of taxpayer money.
Half the offices around us already have lease signs up. Every moving van you see is moving people out, not in.
The commercial real estate collapse is going to be absolutely horrific. Plywood for the windows will surely be a top seller.
It is heartbreaking to layoff people you have worked with for many years, very stressful. Not all employers are heartless. We are just trying to survive and you cannot do that with overhead and payroll with no business coming in the door.
10:49 I hope everything works out positively for your company, that is really too bad for you and your employees.
ReplyDelete10.49 , my parents are also in Business , they have seen 4 recessions and , well they,ve never seen it this slow NEVER this bad, they employe only 1 other employee hes my brother , the apprentice heheh in the Plumbing/Water treatment and Heating business(all aspects) , He now the only plumber in town and people are calling him to do even the basic repairs , so what are people doing ? Only god knows becasue furnaces and boilers need parts to run and here in Canada , standards are very very very strict (if the electrical or gas meter man sees something faulty he calls the inspector at ONCE and the appliance is shut down and tagged til it is serviced or repaired !!), and need a technical mindset to fix them , so no parts and service means no heat or water this winter for many aparently . and i doubt people are learning the skills needed to do the job themselves , but ia am sure this depression or collapse will sure kick a few people in the head to get them to learn how to do basic home/mechanical repairs , i very hop so because its going to be a very long and cold winter for them !!
ReplyDeleteThank you cee for those posts. Very informative.
ReplyDeleteI don't agree with 9:33 at all.
There is no 'QUantum leap' , there is no change, no new laws period.
In fact, we live in a time of complete regression/transgression and outright moral insanity.
The golden rule will always be the same and in full effect, and that's the only law there is.
Celent really does very well at spotting trends, but like one of you guys mentioned, his "when people have nothing to lose, they lose it", "i'm a bronx boy", I'm a political atheist", "if their names were ... (italian suffix)" references are really getting tiresome.
ReplyDeleteBUT... I once heard him in one of his myriad of these carbon-copy interviews refer to the "Zionists". It then became clear to me who this guy is.
What a information of un-ambiguity and preserveness
ReplyDeleteof valuable experience concerning unexpected feelings.
Look at my homepage diet that works
Do you mind if I quote a few of your posts as long as I provide credit and
ReplyDeletesources back to your site? My website is in the very same area
of interest as yours and my visitors would certainly benefit from a lot of the information you present here.
Please let me know if this okay with you. Appreciate it!
Take a look at my blog post - stuhrling original
I am curious to find out what blog system you have been utilizing?
ReplyDeleteI'm experiencing some small security problems with my latest website and I would like to find something more secure. Do you have any solutions?
Here is my blog akribos watches
I seldom comment, but i did some searching and wound up here "Gerald Celente : When Commercial Real Estate Crashes There's Going to Be No Bottom".
ReplyDeleteAnd I do have a few questions for you if you do not mind.
Is it simply me or does it give the impression like a few of these comments look as if they are coming from brain dead individuals?
:-P And, if you are posting at other online social sites, I would like to follow everything fresh you have to post.
Could you make a list of all of all your social sites like your Facebook page,
twitter feed, or linkedin profile?
My site www.sagelyconsulting.com
Magnificent web site. A lot of useful information here.
ReplyDeleteI am sending it to a few friends ans additionally sharing in delicious.
And of course, thanks to your effort!
Also visit my web blog; armitron