Myopic Markets & The Looming Mall REITs Massacre

Last week, we discussed the precarious state of the overstretched U. S. consumer and the spill-over effects of poor performance on the part of major retailers and other consumer discretionaries. In a nutshell, consumer credit growth appears to have reached its cycle-high and retail sales growth is beginning to flatline:

This post was published at Zero Hedge on 05/25/2016.