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Sunday, 11/19/2017 4:21:34 PM

Sunday, November 19, 2017 4:21:34 PM

Post# of 10657
CEO Shulin Liu notices worldwide credit tightening,

"The Cause and Consequences of the Retail Apocalypse | New Republic"
https://newrepublic.com/article/145813/cause-consequences-retail-apocalypse

"The “Retail Apocalypse” Could Dominate the 2020 Election – Mother Jones"
http://www.motherjones.com/kevin-drum/2017/11/the-retail-apocalypse-may-dominate-the-2020-election/

Beyond the bulls & bears hysteria; here are the 19 retailers that have filed for bankruptcy protection in 2017 alone so far:

( Many Mall stores )
Wet Seal ( teen apparel )
The Limited ( 250 stores )
Eastern Outfitters
BCBG Max Azria ( 120 stores )
Vanity ( 140 stores )
Hhgregg ( 90 stores )
Radio Shack ( 200 stores )
Toys R Us / Babies R Us ( 1,600 stores globally )
Gordman's ( 100's of stores )
Gander Mountain
Payless Shoe Source ( 4,400 stores )
Rue21 ( 1,100 stores )
Gymboree ( 375 stores )
Cornerstone apparel
True Religion apparel ( 140 stores )
Alfred Angelo ( 1,400 stores )
Perfumania ( 226 stores)
Vitamin World ( 330 stores )
Aerosoles
( Also SEARS & FRONTIER TELEPHONE soon next. )
---------------------------------------
KEY TAKEAWAY from link:
"As a result, delinquent payments on shopping centers and other commercial real estate have spiked, as high as one-quarter of all loans in some parts of the country. A hundred thousand retail jobs were lost from October 2016 to April 2017; in June, 1,000 stores closed in a week. And this will get worse: Only $100 million in retail debt came due this year, but there’s $1.9 billion next year and $5 billion on average due between 2019 and 2025. That threatens the retail sales and cashiers who make up 6 percent of the entire U.S. workforce, a total of 8 million jobs. These workers are not confined to any one region; the entire country will share in the pain." -quoted.

LONG VALUE Buffett always laughs at purveyors of doom!
( ME: We ourselves still expect robust 'Recovery Of Markets' in 2018-2020; despite any mild recession minor blip. )


Optimistic Buffett ignores all doomsdayers:
"In the 20th century, the United States endured two world wars & other traumatic & expensive military conflicts; the Depression; a dozen or so recessions & financial panics; oil shocks; a flu epidemic; & the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497."
"With each investment you make, you should have the courage & the conviction to place at least ten percent of your net worth in that stock."
“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”
“Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular & do well.”
"Cash combined with courage in a crisis is priceless."
"There are always people who say that the rules have changed. But it only looks that way, if the time horizon is too short."
"Don’t own a stock for 10 minutes if you don’t plan to own it for 10 years."
"If you believe your gain, weighted for probabilities, considerably exceeds your loss, comparably weighted, you may consciously purchase a risky investment."
"The most common cause of low prices is pessimism – sometimes pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It’s optimism that is the enemy of the rational buyer."
"Price fluctuations are there to provide opportunity to buy wisely when prices fall sharply, other times you would do better to forget the market & pay attention to the operating results of companies." ~ Buffett -- End quote.

YSYB CEO Shulin Liu looks forward to better worldwide favorable economies & commodities the same as you.
(( He has a Masters Degree, no less & plenty of sage & savvy experience with trustful integrity to match. ))

STICK TO YOUR GUNS! GO LONG YSYB!! >>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

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