“The problems in Commercial Real Estate intensify, and related comments from the Fed Minutes. I continue my theme that “Main Street woes will trump Wall Street hype” in 2010. Key levels for the US Capital Markets remain in place.
The Swoon in Commercial Real Estate continues as vacancies at strip malls across the country reached and 18-year high in the fourth quarter, which is a vacancy rate or 10.6%. This deterioration is worse than in the 1988 to 1992 CRE slump. High unemployment and inconsistent consumer spending will continue this troubling trend through 2011 and into 2012…”
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About Richard Suttmeier:
Richard Suttmeier’s latest blog analyzes earnings from Intel, the most important technology stock, JP Morgan Chase, the most important “too big to fail” bank, and break-out’s for Comex copper and Nymex crude oil.
Richard Suttmeier is the chief market strategist for ValuEngine.com. Richard is an industry leader on the housing market and banking system and writes a newsletter covering The Great Credit Crunch. He produces a List of Problem Banks by name. He produces daily and weekly briefings covering the US Capital markets. Richard Suttmeier’s ValuEngine Four In Four video is available on forextv.com.
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