Mall Values Have Collapsed & Pensions Holding The Bag

The Crystal Mall in Waterford Connecticut is the embodiment of everything wrong with the US economy. After years of easy money courtesy of The Federal Reserve inflated the Commercial Real Estate bubble now The Fed's rate hikes have popped it. The mall was just sold at foreclosure auction for pennies on the dollar after a series of high profile retail bankruptcies including JC Penney, Bed Bath & beyond, and Christmas Tree Shops.

Chapters:
0:00 Intro
1:03 The Crystal Mall in Waterford, CT
2:34 The Fed's Fingerprints
4:15 The Risk to Pensions
7:00 A Trip Around The Mall
8:59 Crystal Mall is Not Alone
10:02 "Optimism"
10:50 What to do with the building?
12:27 Long Story Short

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