July 8, 2010

Americans Are Going To Be Spending A Lot Less On Consumer Goods

Commercial real estate is in trouble because people borrowed too much money to buy and overpaid for commercial retail, particularly if it is the retail space, because Americans are going to be spending a lot less on consumer goods.

in www.housatonictimes.com

Related: iShares Dow Jones US Real Estate (ETF) (Public, NYSE:IYR), iShares Cohen & Steers Realty Maj. (ETF) (Public, NYSE:ICF)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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