Issues with a certain culture aside. The bank issue is also tied to the store closure issue. Commercial Real Estate can not renew leases at current levels because interest rates are too high on the related debt. If they keep the same or lower lease then the valuation of the building goes down as the cost to refinance is too high. Once the write downs start happening CRE will collapse. Therefore, they are keeping buildings empty until rates get fully cut. Then, you’ll see a boom in retail. They are bleeding slowly now, hoping to avoid a gusher. Many many NYC leases are being planned for 1 year from now and 2026.
I look forward to getting home from work everyday to watch you buddy! You have seriously changed my life. Im not rich yet, but i will be able to retire faster than i would have if i had not been introduced to you! Thank you for all the data you and the team provide for us!
Hi James, love your channel. One comment, regarding your comments on stores closing down and the theft at them. I don’t disagree crime is an issue for many of these stores but it can’t be the only reason for issues. In major financial centers you far less office space occupancy which reduces shopping as well the rise in online shopping. It’s not all crime. You could also argue the crime is a result of vacancy rates.
How long has online shopping been around? Stores are closing in California because of theft. Walk into a Home Depot and every power tool and accessory is behind a locked cage. You can’t even get batteries without asking a staff member to open them up. How much do you think this excess cost affects businesses, especially small businesses?
NEW YORK city is alive and well, don’t mind the noise on Twitter from certain circles, always making the loudest noise. You can find troubled areas in every major city in America and around the world. Just be careful about who creates this statistics, they are always skewed to make a point
@@Barone2013 fox news needs this narrative to scare townies in to voting for a 6 times bankrupt coup attempter who palled around with Epstein and sells chinese made “America first bibles”. Crypto bros have also fallen for it. Its embarrassing.
James you say all of these stores are closed due to crime but do you have any evidence to support that? Correlation does not necessarily imply causation. How can you state with confidence that these stores have not gone out of business as a result of poor sales or less foot traffic?
Before you make a claim and share it with your audience you should do your research. You cannot expect to steal in california and walk away. The only thing that changed is if you steal under 950 it is classified as a misdemeanor instead of a felony and you still may serve jail time regardless of the amount. You don't just get to steal an xbox and then go home.
6:35 - Same here in New Zealand. Retail crime is going bonkers. 13 year olds are driving cars into shops at night, gangs of thugs are smashing up jewellery stores, convenience store workers are being stabbed - its terrible. I'd heard hears ago that the police would let crims off with a "pre charge warning" if their theft value was below a certain value. Greeeeat.
@fergusfamularotonkin yip. politicians and central planners deciding to manipulate information to their own ends, at the expense of the citizens. disgusting.
I (finally) sold all my ETH yesterday. I wasn't planning to, but I have some debt I need to pay off. Now, the exchange where I sold it is asking about the source of the initial funds. I've gathered all my purchase history and sent it to them. Lesson learned: it's important to keep track of every transaction in this area.
Fox news falsehoods and Twitter bro opinion journalism. New York is booming. People who dont live here have a lot of Hannity and Tucker type of opinions. Btw( Tucker and Hannity both live in NYC)
ETH has underperformed indeed but still has outperformed TSLA since Oct 2023 (and on longer timeframes like 4 year as well). Global slowdown of EV sales won't help so I don't see a huge change of trend. Just looking at the data ...
@@ChrisBird1😂bear 🧸was 2018-2019 and 2022-2023📉and next bear 🐻 is 2026-2027..but for sure WE R IN A 🐂BULL AS WE SPEAK WELL INTO 2025 now it could end by September 2025 then we have our 🐻 until late 2027
It’s common for violent crimes to get drastically under charged in California. Attempted murder usually gets dropped to assault with deadly weapon, assault with deadly weapon to battery and so on
Great stuff as always Sir🤙 thank you James appreciate all the information and always love your videos - you are the only person I listen too now and I pay zero attention to anyone else, social media etc.. Thank you🙏💪
100% correct regarding the long bond. The 10 and 20yr as well. I've been a real estate broker for 25 years and had a hard time recently getting through to buyers and local loan originators, of all people, that the recent 50 basis point cut has virtually no correlation to current or short term forward looking mortgage rates! Scary..
Most smart people no longer go to drug stores to buy items that cost 2-3 times less online and is delivered to your door. These retailers can't compete. Crime has little to do with it, it's overhead.
Great video, just moved to Thailand from the UK, in the UK I didn't have 1 add on your channel in Thailand probably getting at least 10 adds per episode I hope you are getting add money
Seems pretty reductionist to state that stores are closing purely due to crime. Perhaps increasing rates destroying demand (your own words) and increasing commercial rents also play a role?
It may have taken gold 6 years to get there, but also, more money has been printed in the last 6 years then ever before. This may have something to do with why btc etf is showing a record for rate of growth (?)
Honest to God… I just got off the phone with my friend who lives 7 miles from Springfield, Ohio, where the Haitians are… He knows an employee that works in a retail store and the alarms go off all the time because people walk out with items and the police do absolutely nothing. He said they have learned from mainstream media TV that it’s OK to steal and no one is gonna stop you. I am trying to convince him to move before his home value goes down because I have a feeling the crime will spread from its central point
James, always appreciate the time you put into these videos!! Been with you since your first month.... But to say we'll only go to 130k in the next year is breathtakingly Bearish! What's up with that?! Literally no one will be happy with that. We should have hit 105-110k LAST cycle.... Still love you but please connect the dots here.❤
Hi James, so I wonder, while the BTC flows have dwarfed gold, has the appreciation rate of spot BTC beaten the appreciation rate of gold over the time of their etf surge?
I'm sure you can find data from retail stores about increased losses and closure due to theft and crime. You say that you follow data...lest we follow what you/X present as fact. Can...can...can....you...you...hear...hear...me...me...me! Is there an echo in here!
James you love Tsla and I read about XAI, and is Telsa going to make this a coin or? and as I read comments from kids on pcs trading I don't get it. ie Floki and how does this fit in? You work hard and it show in you podcasts thank you. from an expat in Thailand
The Bitcoin price of €59,688 on November 10, 2021, would be approximately €69,096 in today's money (2024) when adjusted for inflation. Which means, we haven't broken the all time high.
Voting for the coup attempter that has 6 bankruptcies, 34 fraud felony convictions, sucks up to Putin and says he’ll cancel the Constitution. Yeah, thats logical. Another crypto bro voting for bigotry greed or memes. Take your pick. “Theyre eating the dogs”. “Mexico will pay for a big wall” Enjoy the fall of democracy
