Subscribe to our backup channel http://bit.ly/odyseesru http://silverreportuncut.com Subscribe to the SRU podcast http://soundcloud.com/silverreport http://silverreportuncut.podbean.com Follow Us On Telegram http://t.me/silverreport & https://parler.com/profile/silverreport/posts anyone can post on our public group http://t.me/silverreportforum Ad revenue is down almost 70%, it's viewers like you who help keep the sru coming! you can donate via crypto at our website or consider supporting our work on http://buymeacoffee.com/silverreport https://www.patreon.com/silverreport To those expecting New York Cities' big comeback may want to get comfortable. According to the Real Estate Board of New York's spring 2021 retail market report, rents declined across Manhattan's prime-time retail shops, with one neighborhood in Lower Manhattan, called SoHo, down 37%. "Signs of a nascent recovery are tempered by the reality that traffic in most retail corridors is far from approaching pre-crisis levels," the report said. The collapse of asking rents for vacant retail spaces lining the sidewalks along the borough was documented this week by YouTuber "Louis Rossmann" who has 1.56 million subscribers. In two separate lengthy videos, Rossmann, in detail, walks around Midtown Manhattan and shows viewers dozens and dozens of vacant storefronts. In one of the videos titled "NYC's reopening, but businesses aren't coming back," he said you "can walk eight steps" down the street and find a vacant retail shop. "This is clearly not sustainable - at some point, this [NYC commercial real estate market] will crash - and what people will tell you is that it's impossible - there's no way it could crash," Rossmann said. The real question is can it recover... ... https://www.youtube.com/watch?v=e3DWteJQ74g

Subscribe to our backup channel http://bit.ly/odyseesru http://silverreportuncut.com Subscribe to the SRU podcast http://soundcloud.com/silverreport http://silverreportuncut.podbean.com Follow Us On Telegram http://t.me/silverreport & https://parler.com/profile/silverreport/posts anyone can post on our public group http://t.me/silverreportforum Ad revenue is down almost 70%, it's viewers like you who help keep the sru coming! you can donate via crypto at our website or consider supporting our work on http://buymeacoffee.com/silverreport https://www.patreon.com/silverreport China's top banking regulator said he’s "very worried" about risks emerging from bubbles in global financial markets. Liang Tao, vice chairman of China Banking and Insurance Regulatory Commission, said at the International Finance Forum in Beijing that recent interest rate hikes by emerging economies could lead to a bursting of global financial asset bubbles which have been made even bigger by unprecedented easing measures by developed countries. Tao added that developed countries are sticking with ultra-low rates even as emerging economies raised their borrowing costs, "potentially resulting in the re-pricing of global assets." What's worse is He encouraged emerging economies to embrace their more controlled economic measures in defense of the excess money printing. The value of the dollar is of critical importance to many emerging markets and the fact the larger developed nations are in a race to the bottom doesn't fair well for the nations currently tightening interest rates to stave of currency issues. They also risk the economic effects of a global repricing of assets like commodities for example. ... https://www.youtube.com/watch?v=RjTOm8u2uGM