COVID-19 Still Isn’t Done with the Market

The full impact hasn't been felt, and the clock is ticking on a potentially huge downturn December 01, 2020 UNSUBSCRIBE | ARCHIVES COVID-19 Still Isn't Done with the Market These weird devices are about to appear all over America According to America’s top tech futurist – dubbed the “Tech Prophet” by Forbes –  millions of these strange little devices are about to appear in every corner of our country… including your home. What are they? And why did one tech insider with connections to Apple and Microsoft claim they’ll “rewrite the rules of what’s possible?” Find out more right here. Dear Money & Crisis Reader, The market is setting up for a NASTY drop in the coming weeks. Why? Because we are finally about to experience the true magnitude of the economic destruction caused by the COVID-19 lockdowns. For instance, consider the commercial real estate market. The U.S. commercial real estate market was between $14 trillion and $17 trillion as of the end of 2018. The largest sectors are industrial, multi-family (apartments), office, and retail. Apartments might hold up well in a shutdown economy, but office and retail spaces are in the worst environment since the Great Recession of 2009. So how bad is it? January 15: America's Financial Extinction Event? The election is over… The corrupt media declared Joe Biden the winner… And that bad news is about to get a whole lot worse… Because the prophetic analyst who predicted the subprime mortgage meltdown… the financial crisis of 2008… and Brexit… Just issued another shocking prediction… If you and your family are not prepared for what he says is coming your way on January 15… You need to take action now. Click here for the full details. Retail commercial real estate has experienced NEGATIVE net absorption for two consecutive quarters (the second and third quarters) this year. [Ed. Note: “Net absorption” is the net change in physically occupied space between the current measurement period and the previous measurement period.] This has led to the largest decline in net absorption since the first quarter of 2009 during the Great Recession. NAREIT’s chart shows the trend is clearly DOWN since 2019. The shutdown from this year (2020) has accelerated the drop. Retail is not the only market suffering. The shutdowns have also resulted in a collapse in demand for office space as well, as many companies switch to “working from home” permanently. The collapse in demand here is even worse than that of the 2008-2009 bust. The Fed can’t fix this either. Many are these companies are either too big to qualify for the Main Street lending program or their debt is too distressed to qualify for the Primary Market Corporate Credit Facility. The fallout from this sector of the economy alone has yet to be digested. If you’ll recall, large banks and financial entities gave a 60-day loan forbearance to their commercial real estate clients from late April to late June of this year. Once that period expired, everyone went into “wait and watch” mode for the Presidential election. (Management teams wanted to have an understanding of the regulatory/ policy landscape before posting their losses/ loan write-downs.) What Does This All Mean? That the U.S. economy appears to be heading towards another potential lockdown right as the banks and other “bad loan bag-holders” make a move to finally declare the damage from the FIRST lockdown. I’ve done more extensive research about the potential impact the first COVID-19 lockdown is still waiting to inflict on the economy. I’ve also put together four (what I call) “crash-proof” strategies for when it comes. To check out my full report and more (including my warning letters to President Trump, Vice-President Pence and Fed Chairman Powell) CLICK HERE… Best Regards, Graham Summers Editor, Money & Crisis Are You Ready for the Great Depression of 2020? According to some economists we’re already in a recession… But now a former CIA and Pentagon advisor is saying this is just the beginning of something much, much worse. And he’s urging  Americans to take these FIVE STEPS to protect their wealth and their loved one. Click here to see all the details. To end your Money & Crisis e-mail subscription and associated external offers sent from Money & Crisis, feel free to click here. If you are having trouble receiving your Money & Crisis subscription, you can ensure its arrival in your mailbox by whitelisting Money & Crisis. Money & Crisis is committed to protecting and respecting your privacy. Please read our Privacy Statement. 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