​Goldman Finds “Trade-Down Phenomenon” Strikes Rich & Poor Consumers  – Tyler Durden

Goldman Finds “Trade-Down Phenomenon” Strikes Rich & Poor Consumers  Goldman hosted its Private Real Estate Retail (shopping center) Webinar on Thursday with panelists Mary Rottler from First Washington, Daniel Zatloukal from Inland Real Estate, and Joseph Tichar from Raider Hill. The webinar discussed many topics, including the consumer, 2025 same-store NOI growth, retailer bankruptcies, transaction market and cap rates, and the financing environment. Our focus on the webinar centers around discussing high-end and low-end consumers trading down. This phenomenon occurs as macroeconomic headwinds mount, including elevated inflation and high interest rates due to backfiring ‘Bidenomics.’ More importantly, trading down occurs when incomes don’t keep…  — Continue at ZeroHedge News : Read More