3 ms·

I'm near this spot. All the building here that continued mostly nonstop even after the mortgage bust in 2008-09. There are so many vacant retail spaces all arou

I'm near this spot. All the building here that continued mostly nonstop even after the mortgage bust in 2008-09. There are so many vacant retail spaces all around midtown. Everything retail and consumption is shrinking. Even bars are closing. Another thing that hurt this small shop is Whole Foods opened up a store with a huge eating space two streets and an avenue away. Another thing that hit this guy was when Credit Suisse had some kind of crime or scandal and they totally shrunk their presence right around his shop.

toomuchtodo 3y ago
> Credit Suisse Credit Suisse had a crisis of confidence and collapsed. https://www.reuters.com/business/finance/credit-suisse-how-did-it-get-crisis-point-2023-03-16/ https://www.reuters.com/business/finance/credit-suisse-how-d... https://www.ips-journal.eu/topics/economy-and-ecology/the-failure-of-credit-suisse-6635/ https://www.ips-journal.eu/topics/economy-and-ecology/the-fa... https://www.economicsobservatory.com/why-did-credit-suisse-fail-and-what-does-it-mean-for-banking-regulation https://www.economicsobservatory.com/why-did-credit-suisse-f... https://cepr.org/voxeu/columns/global-lessons-demise-credit-suisse https://cepr.org/voxeu/columns/global-lessons-demise-credit-...