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goalpost wrote:Yeah Trinicty Mall is practically becoming a ghost town.
Numb3r4 wrote:Upstairs....yes I understand.
So sad. Any one knows any retail workers? How are they coping?
Numb3r4 wrote:Upstairs....yes I understand.
So sad. Any one knows any retail workers? How are they coping?
Redress10 wrote:Marketing is a luxury spend. It's not essential. In times of lean economic times people are not concerned with buying a product they don't need. They only care about the necessities. The necessities hardly need marketing. Do you see any ads in TT for toilet paper?
Isn't it telling that the ad agencies make their most money around election time.
Phone Surgeon wrote:That lean economic times make advertising all the more useful though. You can rope in the smaller quantity if customers it has.
Rovin wrote:hmmm havent gone there in over a dozen yrs ...
https://www.facebook.com/deOriginalWeAr ... kyNDU1NTU/
maj. tom wrote:Recovery of these businesses won't happen until at least 2021.
We do have history to look at, the 1918 Flu, which had its 4th wave in USA in 1920. And then there was an economic and social boom for the next decade aka "the roaring 20s."
In fact, after every major plague and famine in human history has been like that. A few years of suffering and then a readjustment to eventually boost our evolution. Even back to our early ancestors who were living on the edge of extinction on the coast of South Africa, then exploded into the post-climate change scene to take over the world.
It is a worldwide phenomenon.Numb3r4 wrote:Maybe this is the new norm of economic boom and bust that we just have to get used to.
The issue going forward is that the booms disproportionately favour the already wealthy and the busts disproportionately affect the already poor.
ProtonPowder wrote:I agree
Sad part is that i hearing the word recession every single year since i in primary school to refer to the current state of TnT, and here we are nearly 2 decades later.
adnj wrote:It is a worldwide phenomenon.Numb3r4 wrote:Maybe this is the new norm of economic boom and bust that we just have to get used to.
The issue going forward is that the booms disproportionately favour the already wealthy and the busts disproportionately affect the already poor.
“The K-shaped narrative is gaining traction as the tale of two recoveries conforms well with the ongoing outperformance of risk assets and real estate while front-line service sector jobs risk permanent elimination,” Ian Lyngen, head of U.S. rates strategy at BMO Capital Markets, said in a note.
The dominating stocks, in fact, help tell a story about a shifting economy that is leaving those behind with less access to the technology that will shape the recovery.
“We believe this is now settled and that we are seeing a ‘K-shaped’ recovery,” wrote Marko Kolanovic, global head of macro quantitative and derivatives research at JPMorgan Chase.
Kolanovic, who has foreseen a number of major market changes, said the rapid evolution of society during the pandemic has triggered movements that have exacerbated inequality.
“The use of devices, cloud and internet services was bound to skyrocket while the rest of the economy took a nose dive (airlines, energy, shopping malls, offices, hospitality, etc.),” he said. “This has created enormous inequality not just in the performance of economic segments, but in society more broadly. On one side, tech fortunes reached all-time highs, while lower income, blue collar workers and those that cannot work remotely suffered the most.”
https://www.cnbc.com/2020/09/04/worries ... althy.html
It's more complex than that. The technologically advanced are recovering more quickly. Wealthy retail, restaurant and factory owners are not recovering as quickly if their products and services were not innovative of saw advances in productivity.Duane 3NE 2NR wrote:adnj wrote:It is a worldwide phenomenon.Numb3r4 wrote:Maybe this is the new norm of economic boom and bust that we just have to get used to.
The issue going forward is that the booms disproportionately favour the already wealthy and the busts disproportionately affect the already poor.
“The K-shaped narrative is gaining traction as the tale of two recoveries conforms well with the ongoing outperformance of risk assets and real estate while front-line service sector jobs risk permanent elimination,” Ian Lyngen, head of U.S. rates strategy at BMO Capital Markets, said in a note.
The dominating stocks, in fact, help tell a story about a shifting economy that is leaving those behind with less access to the technology that will shape the recovery.
“We believe this is now settled and that we are seeing a ‘K-shaped’ recovery,” wrote Marko Kolanovic, global head of macro quantitative and derivatives research at JPMorgan Chase.
Kolanovic, who has foreseen a number of major market changes, said the rapid evolution of society during the pandemic has triggered movements that have exacerbated inequality.
“The use of devices, cloud and internet services was bound to skyrocket while the rest of the economy took a nose dive (airlines, energy, shopping malls, offices, hospitality, etc.),” he said. “This has created enormous inequality not just in the performance of economic segments, but in society more broadly. On one side, tech fortunes reached all-time highs, while lower income, blue collar workers and those that cannot work remotely suffered the most.”
https://www.cnbc.com/2020/09/04/worries ... althy.html
Biden spoke about K-shaped’ recovery in a speech recently.
It's an unfortunate reality where the rich will recover and the middle and poor get worse.
Redress10 wrote:Plenty of those business probably were not economically relevant. How necessary is it to have a storefront to sell baby clothing when an online presence probably gets you more sales?
So did those businesses have the 6 months of cash reserved to cater for any unforseen circumstances or were they scrunting month to month? How much was rent in that mall? Could they honestly afford it or was it all for show?
Sidenote. Anyone remember the ridiculously cheap rent that the owner of benihanas were paying in TT and they still went buss. Think it was the wife of one of CL financials bigwigs. Wouldn't doubt that something similar is occuring now. Some paying low rents and others paying high rents based on familial links.
Isn't Trincity mall technically owned by the state?
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