“I think the retail and the real estate markets are going to tank because there isn’t enough money to pay the rents,” said Perry Rothenberg of JDF Realty, who added that the downward spiral is already happening. “The down cycle is a snowball: it’ll take several years before things come back.”
Mr. Rothenberg added that the national economy is still “very soft,” and the government’s massive bailouts have yet to trickle...
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