As you know, the United States is rapidly descending into the ‘retail apocalypse’ with over 21 retailers closing 3591 stores in 2017. This is due to a combination of consumer trends, first the migration to e-commerce, and second the consumer is flat broke. According to retail anaylst Jan Kniffen, “about one-third of malls in the U.S. will shut their doors in the coming years”. Consumerism in America has been a long standing pillar of our society. Unfortunately, the consumer has stage three cancer with non-productive debt, mix match in skills, and low wages already forcing major cracks in the consumerism pillar. The final blow to the consumerism pillar could be hinted in BOFA’s latest statement, “we’re hitting ‘peak youth’, and a ‘demographic tidal wave’ is coming”.
What I’m about to show you is a view the mainstream media dares not to share with you, because it doesn’t fit the narrative.
