side effects of biaxin in children buy generic xenical online cheap adalat cod delivery buy proventil dose forms valtrex tablets 40mg suhagra sale consultation pharmacy propranolol cost comparison anti inderal buy apcalis sx capsules is it safe to order dutas can you buy asacol in ireland purchase propranolol in us buy kamagra jelly thailand sildenafil citrate wellbutrin xl from canada medication pharmacy order cholestoplex buy apo furosemida tablets india cymbalta reviews for pain danazol online pharmacies with out prescription levitra online australia floxin mexico no prescription allegra london scarf order plavix online no prescription with a amex glucofage birth control online us can you only get orlistat on prescription canadian cialis viagra lithium generic australia where to buy venlafaxina ointment nizagara express canada tretinoin cream 0.025 reviews where to purchase bentyl order minocin from usa without prescription glucovance without a prescription from india order antibiotics from canada discount prescription buy duphalac tablets mexico med cab clopidogrelum generic trazodone hcl paracetamol metoclopramide hydrochloride purchase duphalac in canada fasigyne canadian medications without prescription bentyl 10 mg side effects colchicina tablets online order lasix rx trial erection packs 2 wholesale is sominex available on line in canada my revatio coupons pill rx health order priligy products buy simvastatina low cheap price janumet generic uk decadron order on web clonidine to buy in the canada without a prescription can you take finax daily endep drug in fr pharmacy accuran order online no prescription decadron 0.5 mg dexametasona retin a 0,025 without a prescription from india zithromax canada drugs buy motilium online canada buy motilium online thru paypals seroquel xr costco orlistat medicine india side effects of topamax tingling diltiazem discount voucher over the counter prescription advair diskus online buy generic viagra canada can i make ginette 35 purchase asacol mg cialis sublingual western australia requip cheap us pharmacy what are citalopram tablets used for buying zertalin from canada no prescription tadalis sx for men sale in uk fucidin cream for sale uk frusemide generic australia where can i get roaccutane pills retin a 0 05 over the couter canadian pharmacy otc drugs apcalis sx ordering no prescription to buy lady era where to purchase menosan drugs similar to azitromicina donde comprar bupron sr en colombia order amantadine from usa without prescription zestoretic over counter instructions on how to use advair diskus zyvox delivered to your home buy cyklokapron no prescription albendazole albenza or mebendazole vermox over the counter aprovel on line in the uk canadian vagifem order cefixime online no prescription with a mastercard ordering fucidin india ponstel dose no script isoptin mg cheap genuine indinavir online lanoxin how to buy order adalat on line mexico ciprofloxacin uses for stds coumadin toxicity diagnosis code female viagra by mail femara no prescription needed original fml forte online what is the drug classification for aricept buy adalat 6 pharmacy moduretic drugs for sale comprar glucotrol xl en argentina zepose 10 medicine liv 52 ds tablets side effects best price lozol retino a cream 0,025 discount brand name acnetane online order amoxicillin from canada estrofem with paypal payment comprar levothroid original en madrid erythromycin pricing buy metronidazole gel online uk celapram buy online ireland indian pharmacy uroxatral flunil delivered to your home online no prescription uk for levothroid can you order ceftin quetiapinum cheapest rate canada buy prandin without prescription is it safe to take viagra at age 18 what type of medication is norvasc best place to buy revatio in mexico buy janumet no prescription levitra professional comprare order tetracycline 250mg caverta non perscription countries cilest tablets price thyroxine suppositories buy over the counter l thyroxine prozac maximum dosage where to buy cialis online cheap benzac mg buy differin next day shipping genuine altace best price tamoxifen for discount real levitra online can you take mevacor daily what does synthroid cost minomycin purchase misoprostol cytotec price kamagra com au all types aricept pills fast cabgolin deleviery promethazine cough syrup sale top 10 online reglan sites order probalan no rx canadian pharmacy buy dipyridamole mg online for overnight prescription buy astelin cleocin to buy in australia buy septilin online liposafe dosage too high buy finax astrailia lasuna direct pharmacy requip canadian medications without prescription erythromycin cream for acne reviews tamoxifen mental side effects order promethazine with codeine online order alfa flucon tablets is there a shortage of moduretic what is xenical tablets for coumadin daily use reviews comprar actoplus met original buy cialis sublingual online reviews cheap viagra uk for sale prednisone for humans and dogs where to buy cheap generic viagra prometrium 200 mg side effects triamterenum canada online no prescription cheap zyprexa no prescription differin online uk buy claravis pills in the us generic for carafate suspension overnight synthroid vasotec tablets uk buying wigraine ordering nizoral canada can you only get chloromycetin on prescription side effects of trazodone in men synthroid tablets us online meclizine 25 mg rx online generic noroxin probalan online australia nexium iv high dose ondansetron 8 mg. dosage craigslist londonderry uk triamterene tablets 40mg order diarex from usa without prescription aricept sales baridium mg no prescription primera revista publicada en mexico tizanidinum without a prescription from india celexa canada no prescription where buy viagra in sydney acnetane fast uk order orlistato online what does aleve do to your period raloxifeno canada head office buy brand amoxil online australia no prescription long time side effects dapoxetine how to use arjuna bark long term side effects of simvastatin where to buy delta cortef online usa how to order prometrium thyroxin uk no prescription lantus buy no prescription periactin tablet what is it for buy zyban cytoxan order order levothroid pill can order rosuvastatin online cheap canadian retino a cream no prescription lipitor online price cozaar comp 50 mg how to buy amitriptyline my zyban coupons cheapest viagra online buy elimite online canada no prescription cheap genuine fucidin online advair diskus pills sweat serophene online canadian metformin drugs for sale buy innopran xl online mexico no prescription lee ann drugs 33139 safe detrol no prescription glucovance no script cheap generic desyrel 100mg actoplus met india sale celebrex pain medication can order cozaar online prozac order online colospa mail order india can you drink alcohol while taking antibiotics for chlamydia viagra barato en chile glucotrol xl in usa bentyl to buy in the uk without a prescription viagra plus generic cheap costs buy retino a cream 0 05 online cheap lowest price zofran viagra patent expiration pfizer ordering nexium mexico generic cipro switzerland roaccutan noprescrition needed usa online pharmacy lamisilate discount voucher order does alli work pills pulmicort mg order orlistar results forum serevent phone orders bactroban drug in germany pharmacy buy claritin pills online minoxidil 10 vs 5 buy micronase without prescription naprosyn 250 mg uses best place to buy stediril in mexico buy bactrim online overnight delivery research grade moduretic adverse side effects of propecia sumycin discontinued discount predalone otc amaryl side effects comprehensive view can claritin cause weight gain buy alphagan 15mg online buy diclofenac gel fast shipping order glucofage online brand biaxin buy cheap kamagra oral jelly sildenafil citrate lithium discount micronase otc doxycycline cheap online where can i purchase diclofenac gel brahmi gadi katha online movie watch pilula yasmin onde comprar buy augmentin antibiotic antivert to purchase without a prescription how long does zithromax stay in your system buy vermox with mebendazole order paroxetine mexico no prescription purchase arava in canada buy yaz online us no prescription curacne mg mexico evecare medicine children fast weight gain pills for men zyrtec medication elocom drug in uk pharmacy carafate to buy in the usa without a prescription can i buy buspar in canada vardenafil side effects grapefruit lamictal without a prescription from australia doxycycline cheap nootropil online from india cialis prescription in houston diamox mist canada aripiprazole generic canada best place to buy zentel online propecia over the counter uk kamagra jelly india rosuvastatin pharmacy order comprar avalide en argentina buy percocet online india can i buy cipro online canadian pharmacy online mevacor generic strattera no prescription nino tronchetti provera what drug category is ampicilina where can i buy unique hoodia over counter imitrex use in children tretinoin birth control online australia buy plaquenil 10 online wellbutrin sr india best site for lexapro canadian online pharmacy for panmycin buy astelin inhaler canada acheter furosemide 40mg how to take dipyridamole mg amlodipinbesilat from canada without rx antivert medication metrogel tablets from buy sumycin order online no prescription buy cytotec singapore avodart mg canadian rx zoot z pack rucksack zofran mexican pharmacy overnight cipla india noroxin mg price actos de habla ilocutivo purchase generic tamsulozin buy suprax cefixime cheap buy serpina have no prescription metoclopramide order by phone how to buy simvastatina in london where can i buy casodex 50 mg where could i buy zentel without prescription vpxl online buy estrace online canada no prescription buy toprol xl online canada no prescription lamisil shop terramycin with paypal payment generic actoplus met buy desyrel mg mexico nexium mups 20 mg side effects proscar cheap canada pharmacy buy alli refill 140 kamagra no prescription what is the best otc viagra donde comprar viagra original maximum effective dose of lexapro buy generic benicar online no prescription kamagra gold cost comparison buy cheap antabuse from per pill treatment apo furosemida online with out prescription zithromax uses treatments oestrogel tablets buy buy albuterol what is viagras effect on women buy motilium online uk no prescription provera to buy in the uk without a prescription diclofenac tablets 75mg sr buy books online australia free shipping doxazosin in usa order cozaar on line uk indian delivery alesse online indocin without a prescription from canada buy over the counter orlistat online diamox canada no prescription where to buy liver pate list of tesco stores selling xeloda ivenox without script levothyroid pills online in the australia curacne for sale australia levitra soft legal in england orlistato generic reviews zestril tablets 5mg use cleocin gel coupon online toradol discount medications where to buy prednisone online uk order trial erection packs 1 medication by mail cialis 20mg side effects best viagra alternative review albenza for men sale in uk can you order oxybutyninum reviews on entocort online no prescription uk for furosemide simvastatina best online non prescription pharmacy can you buy femara in ireland cost of allegra d otc purchase mircette mg safe to buy generic tizanidinum from usa buy cheapest generic aciphex diflucan spain buy generic zestril online with prescription pharmacy express green oregon cialis without prescriptions usa claravis online with out prescription order 1 mg accutane singapore without a script buy allegra 30mg 120mg 180mg tetracycline antibiotics ppt cheap vasodilan free delivery ayurslim canada head office buy nizagara without rx lopressor iv side effects robaxin lawsuit cozaar generic name classification cvs pharmacy generic singulair xalatan with paypal payment amoxil discontinued order rosuvastatin lowest price depakote and alcohol orlistat slimming pills online purchase pilex in mexico i pill fosamax website prescription medicine for back acne depakote suppositories buy best place to buy decadron in canada key pred with prescription ginette 35 non perscription countries trandate without what is wellbutrin xl prescribed for nizoral in spain generic speman tamoxifen without a script nizoral online mexico vasotec drug in uk pharmacy buy diclofenac 100mg online cheap genuine differin online buy prinivil no prescription what is actos made of cephalexin medicine online seroquel xl spc doxi 1 delivery london donde puedo comprar biaxin buy prometrium pills in the canada clonidine online pharmacy uk buy citalopram online india no prescription what is the benefit of liv 52 ds buy hydrodiuril without prescription i pill diltiazem website inderal without a script fosamax over the counter albendazole prices cheap orlistat sale uk buy capoten online uk amitriptyline tablets pharmacy has best price capoten where can i buy prograf in canada buy lisinopril pills online motrin order online no prescription doxazosin shopping levothroid brands india rogaine 2 for women reviews safe albenza no precription innopran xl generic wikipedia drugs cheap tretinoin 0,05 no prescription indian generics online clopidogrelum cialis professional spain over counter cordarone mail order order microzide online no prescription with a amex tindamax uk no prescription where to buy rogaine 2 online india cialis versus viagra side effects do they sell viagra at cvs siberian ginseng costco prazosin phone orders canadian pharmacy viagra generic online where to buy periactin ointment tretinoin cream usp 0.05 side effects ethionamide order buy amoxil online no prescription low prices buy estrace online from canada what is azithromycin used for uti buy penicillin vk no prescription cordarone 200 mg tablet can i get pregnant after tamoxifen buy zyban india meloxicam enolat with paypal payment aprovel lawsuit canada sildenafil citrate cheap india pharmacy buy panmycin fast shipping can you buy lopid online do you need rx antabuse mexican pharmacy no prescription sertralina antabuse overnnight cardura low dose birth control compare arimidex prices best way get pain pills vasotec canada zantac diet pills wellbutrin generic cost buy yaz in india online buy sinequan 10 over the counter evista medication buy abilify online lipitor for you participating pharmacy list safe flagyl no prescription best place to buy tegretol fast shuddha guggulu deleviery over the counter medication sales sale buy ventolin hfa prednisone 50 mg tablets cheap rogaine 2 uk best price minocycline buy liposafe online usa buy discount lexapro is viagra prescription in australia online pharmacy olanzapine what types of pilex are there buy caffeine ergotamine online thru paypals what is the medication provera used for levitra generic equivalent order keppra from india without prescription discount cleocin gel otc no prescription cheap buy avalide female viagra express canada zanaflex dosage 4mg how much motrin is safe to take coumadin pfizer safe cialis professional buy naproxen 250mg tablets xeloda 500mg price in india is accutane prescription only uk version of strattera generic reviews forum 100mg viagra online arjuna online usa buy over the counter liposafe online estrace lowest price online buy floxin in usa viagra rxlist warafin no rx what is paxil for purchase shallaki cheapest amoxil to buy cymbalta for back pain reviews safe place order doxycycline safe place order minipress aciclovir creme dermatologico bula where zoloft is made propecia sales 1998 medazole uk next day delivery terbutaline asthma exacerbation online pharmacy no prescription needed viagra lamisil generic for western drug wellbutrin what does disulphiram how to take allegra 180 mg clonidine non generic pharmacy levaquin to buy bupropionum pills online in the usa risperdal delivered to your home order orlistar on line india prometrium buy online ireland buy permethrin 5 cream dosis de aciclovir para herpes genital shallaki online in usa how to get high off seroquel ovral l online ordering speman india no prescription toprol xl without insurance order zanaflex from disulfiramo suppositories buy canada vigra for sale glucotrol xl pills online in the australia geriforte over the counter canada can you buy hydrochlorothiazide prescription generic clomid tablets buy doxycycline online mexico precio de redustat motilium uk companies only minipress medication order cheap generic terramycin legal nolvadex online lisinopril sale purchase lisinopril in us purchase fluss 40 in usa keftab buy usa over the counter medicine brand levitra prometrium fast uk do i need a prescription for advair diskus cialis super active fda approved to buy without prescription can we trust stromectol online can you only get yaz on prescription is generic kamagra chewable available in usa buy alli discount orlistat effexor xr canada no prescription generic what is doxycycline used for side effects mail order levitra approved buy amoxicilina xr without prescription buy combivent online usa boots jobs ireland apply online dutas tablets price dapoxetine no prescription reviews where can i buy danazol online without a prescription strattera online pharmacy canada order misoprost from uk without prescription para que se usa dulcolax coreg no script where can i buy zenegra tablets buy glucotrol mg online for purchase phenergan in uk reglan max dose suppliers of amitriptyline in us how much do lamisil tablets cost cheap genuine decadron online what does toprol xl look like ovulation with clomid calculator what does ampicillin cure order lamisilate online canada prozac prix en pharmacie en france how to by cymbalta online generic amoxicilina us buy fluconazol tablets wellbutrin side effects headaches cost of clomid in the uk acheter un livre dor pour mariage micronase dosage recommended tadalafil megalis 20 kytril uses medication clonidine on line in the india side effects of fluoxetine 10 mg levothyroxine nhs zyrtec 20 mg dose doxycycline malaria cdc remeron usage can buy diabecon online methotrexate composition carbozyne with no perscription how to buy flucazole online taking cialis for performance anxiety plavix canadian medications without prescription augmentin overnight shipping cheap order flomax generic discount brand cialis from canada metocarbamol generic mexico trial erection packs 3 coupon code vytorin 10mg 40 mg alti doxycycline not generic valtrex no prescription generic onlain igri s koli buy zithromax usa cheapest viagra professional tablets uk herbal viagra from china lynoral where to get estradiol valerate india pharmacy buy tetracycline uk acne viagra plus from china buy buspar tablets ordering levothroid on line spironolactone aldactone side effects buy adalat la 30 viagra melbourne australia como comprar exelon can i buy differin over the counter can you put fucidin on cold sores maxaman pills online in the usa januvia to purchase without a prescription buy tamsulozin online pharmacy buying toprol valacyclovir 1000 mg drug famvir tablets 40mg acheter pas cher aricept aripiprazole buy mevacor maximum dosage what is emsam health canada emoquette benadryl tablets side effects buy erexin v tablets after topamax weight gain purchasing erectile dysfunction drugs online orlistat generic mexico onlain kinoebi overseas pharmacy no prescription pulmicort zetia mail order buy fasigyne tablets mexico acivir pills no rx where to buy periactin weight gain pharmacy purchase abana in us comprar alphagan portugal sildenafil citrate non perscription countries zyban online buy nitrofurantoin mono mac oratane mexico companies only nexium us companies only indian accutane forum online fluoxetine buy mexico buy asacol pills in the canada retin a 0,05 online in canada buy keppra online australia no prescription ordering carvedilolo canada discount lioresal mg levothyroxin generic india estro no prescription overnight delivery discover egypt nile cruises review tadacip canadian online overnight pharmacy clomid and late ovulation pregnancy purchase ponstel in australia cialis jelly mg usa seroflo order canada billig phenergan online kaufen order zestoretic without rx tinidazole low cost get zofran las vegas zyprexa generic in us suppliers of depakine chrono in us cialis levitra ed trial pack hyaluronic acid tabs buy alfa flucon online uk no prescription prazosin in canada buy inderal perth australia dulcolax bisacodyl tablets 5 mg ginseng dosage instructions xalatan pills shop what is maxaman pills used for discount canadian pharmacy renagel mexican pharmacy no prescription liv 52 coumadin supplier in uk how much does accutane cost in singapore paxil birth control online australia where can i purchase urispas prometrium 100mg capsule skelaxin canadian medications without prescription bentyl online forum finasteride dr reddys labs inc best online pharmacy generic warafin where to buy ventolin inhalers buy albenza in australia purchase 1 mg accutane singapore imitrex side effects weight gain generic for allopurinol information cause cabaser uk motilium suppositories for children 10 mg buy dramamine quick proventil without a prescription from us online bupropion overnight delivery blum minipress p for sale accutane results in a month standing order depo provera estradiol valerate online order precose discount voucher decadron use in cancer patients best viagra pill where to buy generic propecia in australia mobic medication where to buy fasigyn without subscription nizoral shampoo online usa cefixime medication information long time side effects combivent ditropan without prescription canada alfa flucon fast canada what is raciper made of safe buy lexapro online buy hong kong order pulmicort online nitrofurantoin generic release date elocon cream price uk sale order viagra jellyfish cymbalta for men sale in uk atacand with no perscription walmart actos prices generic uk paypal trileptal alesse birth control online india zyrtec online uk cialis refill canadian healthcare technology assessment generic lasix safe order valtrex from canada ordering depakine chrono india buy prednisone mg zanaflex online sales how to use lasuna buy lotensin without rx where do i cialis in india buy lamisilate australia sarafem on line is there a shortage of acivir pills abana shopping what is mylan baclofen for lexapro prescription discount card where levitra super active metronidazole flagyl forte usa buy nitrofurantoin without prescription asacol online pharmacy uk ciprofloxacina india sale what drug category is cipro buy diovan have no prescription buy zentel without rx antivert from canadian pharmacy what is renagel 800 mg how long does seroxat withdrawal last buying aciphex curacne shoppers drug mart buy zetia pills online meclizine pct buy viagra in ukraine kaufen buy cleocin pills in the australia premarin buy online canada oratane usa no prescription mail order depakine chrono online buy betnovate online mexico no prescription rumalaya medicine online pravachol online usa no prescription cialis 100 mg 30 tablet en ucuz levothroid on line in the mexico avodart where to get hytrin pills sweat cleocin gel generic australia what kind of medication is flagyl pedofilia videos where do i celexa in uk how long do i wait to drink alcohol after flagyl side effects of natrol acai berry diet pills metoclopramide generic buy unisom bulk vardenafilum buy online us buspar without side effects purchase silagra price increase brahmi purchase abilify 2mg canada can order triamterene online why does aciphex cost so much geriforte to buy in the canada without a prescription flomax cheap price names of inhalers used for asthma best online pharmacy generic accutane how long does zoloft buy dramamine chewable anti nausea phenergan medication how long does cytoxan stay in system where azulfidine buy coreg online from mexico dostinex price south africa buy carafate no prescription clavamox india companies only purchase prednisone in india original differin online vente de noroxin au quebec chloramphenicol pill shortage femara discount card migraine medicine imitrex side effects buy clozaril pills online vagifem in usa can we trust lexapro online better than sarafem over counter sumycin best online pharmacy generic glucotrol purchasing medazole online is there a shortage of clonidine what are the side effects of stopping celebrex liv 52 canada sale i want to pay some aleve sale alphagan online perscription trial erection packs 1 pharmacy order nutri vet k9 aspirin reviews asacol prescription coupon uk buy lithium without prescription dosis para abortar con cytotec order norvasc 120 mg order lipitor generic lopid 100 buy avalide online india no prescription olanzapine generic reviews best sleeping pills no prescription how to import atrovent paxil 100mg cheap buy zantac 150 online australia eulexin offshore pharmacy purchase disulfiramum pills bactroban nasal ointment for mrsa viagra plus coupon code what does ginseng extract do comprar rumalaya gel original en madrid buy proscar pills in the canada buy chloromycetin pills in the us where purchase apcalis sx where to buy zoloft side effects of cymbalta generic permethrinum uk is medical nitroglycerin explosive side effects of ralista bisoprololi fumaras online canadian depakine chrono for sale uk cordarone 100 mg which uk site to buy synthroid seroflo uk next day delivery proscar without prescription miami vasotec buy online australia dostinex suppliers overseas generic maxalt not working best place to buy decadron in usa discount minipress discount medications cards viagra originally heart medication medicine aricept olanzapine on line in the usa online metronidazol overnight delivery order weight gain yagara carafate medication online arava from uk carbozyne order doxycycline online in usa vagifem generic name seroquel xr online no prescription zitromax generic reviews diclofenac sodico farmaco generico buy ginette 35 online without prescription purchase pravachol lowest price buy cymbalta without a prescription from canadian pharmacy us pharmacies online that sell motrin unisom 100 review ordering aripiprazola mexico where to buy generic drugs online trimox online from india buy torsemide tablets us disulfiramum without prescription where to get diabecon pct ciprofloxacin hcl 500 mg side effects how to import windows live mail into outlook 2007 buy revia tablets usa where to buy cheap generic aloprim zyrtec uk sale avapro discount mexican pharmacy no prescription dutasterid purchase doksazosin lek online no prescription order erection packs 2 viagra mg what is fexofenadine hydrochloride used for do canadian online pharmacies require prescriptions amitriptyline complaints 5mg cialis review buy viagra plus low cheap price metronidazole side effects dreams olanzapine medication wikipedia cheap luvox mg buy glucovance usa can you order claritin time drowsiness pharmacy prices algodones mexico how long does it take abilify to start working brand name prograf online low price sertralina uk buying aldactone using paypal what types of tamoxifen are there buy amoxil bencard mg bystolic without insurance 20 mg levitra vs 10 mg can i get zyrtec get diarex las vegas cost of aricept in india tramadol side effects lowest priced kamagra gold order riperdal without rx buy prednisone without a subscription how to get fucidin on line lotrisone australia buy evecare online pharmacy betamethasone sodium phosphate drops buy prozac online amazon purchase cialis super active in us almetec generic wikipedia drugs comprar vagifem original en madrid online non prescription pharmacy buy lincocin paypal cheapest chloromycetin tablets uk fast anacin deleviery discount ayurslim of canada where do i effexor xr in australia delivery buy order cymbalta viagra pills online in the canada american coversyl best place to buy levitra in uk venlafaxina canadian online overnight pharmacy ordering zyrtec here in canada purchase ondansetrona on line in usa buy fluoxetine 80 mg online order anafranil 10mg buy glucofage in india online stediril online from usa buy generic motrin periactin 20mg tab how long does robaxin stay in ur system buy generic levitra no prescription dosage buy haldol no prescription buy apo furosemida boots canada drugs methotrexate with prescription buy pariet with mastercard where can i buy microsoft points with paypal donde puedo comprar cytotec en california prozac birth control online mexico cost of orlistat in india ordering super active plus generic levitra where to get vantin pct viagra jelly drug in canada pharmacy generic vs brand name wellbutrin sr buy aciclovir tablets online genital phentermine reviews for weight loss buy trileptal online pharmacy zertalin roche precio argentina where do i actoplus in canada provera dosage to delay period buy minipress cheap mail order wigraine online free or low cost toprol xl cheap canadian flonase no prescription generic lasilix usa pharmacy viagra pills online in the australia tadalis sx 40 mg pharmacy buspar generic 2013 drugs rosuvastatin medicine online aciclovir mexico no prescription stats group directors can you order claritin depends medications cabgolin on line no script generic diclofenac gel for sale on line western drug roaccutane walmart generic for prilosec obelit canadian online generic pills for atrovent what does benemid do erythromycin and alcohol effects retin a birth control online uk periactin 4 mg tablet buy fluss 40 with a mastercard oxytrol spain triamterenum refills blopress plus 8 12.5 mg best place to buy bupron sr side effects of ovral l trim active plus ingredients diamox dose for pseudotumor cerebri generic cardura usa buy atacand patch suhagra online price is 40mg of cialis too much detrol no prescription compare prices confido for sale comprar viagra online andorra generic bystolic usa pharmacy amoxicilina pharmacy prices list generic almetec uk deltasone online australia arjuna online coupon code cheap alli uk fat cheap pain meds online no prescription can you only get precose on prescription hyzaar drug in germany pharmacy pravachol purchase can i buy triamterenum in canada buy clomid online us no prescription adalat pills purchase malegra dxt on line in canada thyroxin spain get nootropil las vegas is mail order evista safe cordarone to buy from europe allopurinol medication guide warnings augmentin in pregnancy first trimester zofran uk buy secure contraceptive pill top rated post cycle therapy supplements buy lexapro without rx what are the side effects of too much synthroid buy celapram low cheap price buy amantadine inhaler canada cialis super active online without prescription forum generic alavert online order buying lopid using paypal metronidazole cream for rosacea effexor xr pills buy prednisona no script fluticanose pills online in the india buy lipotrexate in australia buy brand cialis online overnight indian generics online flucazole how to order atarax online prednisone 20 mg dosage buy emsam no prescription side effects of viagra for young men quanto costa viagra farmacia phone in order for valtrex silagra order by phone viagra para la mujer en mexico order tramadol cod overnight delivery renova group of companies buy misoprost online india order viagra super active lowest price best place to buy cipro in uk where do i antivert in australia where do i buy carafate how to get effexor xr silagra pct buy brafix fast mexico buy eurax no prescription fast delivery average cost of entocort mometasone furoate 0.1 cream lexapro dosages for anxiety cymbalta suppositories buy buy cialis online us pharmacy buying viagra plus in manchester can order finast canada erection packs 2 generic uk ranitidine mexico companies only metronidazol counter over the counter drugs similar to simvastatina buy brand kytril seroquel generic wikipedia drugs raloxifeno uk companies only female viagra cheap australia pharmacy cheap aceon 10 mg shuddha guggulu order in the us cheap famvir india non prescription retin a ge purchase trial erection packs 1 on line in mexico research grade rosuvastatin xenical drugs online purchases online no prescription uk for pilex singulair to buy in the uk without a prescription ventolin without a prescription from us differin 40mg how much does acai berry cost xbox live pas cher 12 mois aleve online in canada can you buy generic diflucan discount atorlip 10 delivery achat cialis pas cher viagra plus without a prescription from uk forzest 20 ranbaxy pharmacy that sells tadapox purchase nolvadex no prescription how to buy elavil in canada what is orlistat and how does it work best drugstore foundation for very dry skin buy etodolac without prescription metronidazole mechanism of action giardia ondansetron odt 8 mg side effects will amoxicillin 500 mg cure chlamydia minomycin next day where to buy roaccutan birth control pills indian market over the counter medicine that acts as dostinex long time side effects anafranil birth control pills pletal cheap furosemide uk alesse tablets uses metronidazole antibiotic spectrum most common side effects of sinemet voveran sr buy online australia purchase thyroxine on line in uk non prescription liposafe olanzapine online without prescription ayurslim on line in the mexico my canadian pharmacy phone tizanidina medication overnight delivery buy generic forzest comprar cialis en costa rica haridra canada prescription kytril best price buy fucidin antibiotic cream flunil on line in the canada order cafergot from canada without prescription levitra plus without a perscription levothyroid without a prescription from mexico generic from levlen innopran xl to buy in the canada without a prescription glyset next day delivery nymphomax medicine children generic for vytorin 10 20 how long does dostinex stay in your system where do i claravis in uk cialis super active canadian medications without prescription generic viagra plus buy canada flovent online buy dyazide pills in the mexico what are the side effects of coming off yasmin buy generic adalat used to treat western drug effexor xr motilium dose child keppra best price health canada emsam cheapest estrace paypal buy yagara with paypal estrace cream dosage atrophic urethritis buy genuine ephedraxin uk low aciphex pharmacy generic where to buy speman online canada mobic drugstore pill rx health toradol products obelit where to get can we trust clincin online priligy buy without accutane us companies only safe place order bupron sr baridium next day safe fertomid buy torsemide lawsuit canada do you need rx tinidazole usa buy cozaar without prescription buyers of prilosec canada older cailas on line triamterene tablets 150 mg cytotec without prescription miami glucovance without a prescription from canada cardizem with no perscription what is advair diskus side effects what is emoquette made of mail order tricor online aprovel mg india hoodia uk pharmacy order antabuse online without rx effexor xr usa pharmacy buy trimox mg online prozac coupon code where purchase cozaar bupron from china buy online fluticanose generic buy cefixime 400 mg orally in a single dose cheapest place to buy topamax buy himcocid online from india is it safe to take 150mg of viagra buy predalone boots cialis victoria secret viagra vs levitra buying tinidazolum from canada no prescription what drug category is retin a gel 0,1 actos with paypal payment thuoc zestril 20 mg is generic mometasona effective buy inderal la 80 mg albenza with prescription zyrtec drug schedule diovan online coupon code metronidazole mg uk why has starlix been discontinued cheap metformin discount prices rumalaya forte tablets us online levitra cialis viagra better citalopram cheap price best generic acai sites buy lisinopril bulk sustiva drug rash dilantin pill shortage alavert supplier in uk meclizine 40mg amitriptyline online legally buy amoxiline pills in the india i pill oxytrol website esperal for men in usa bupropion online glimepiride dose range can you get midamor over the counter mentat where can i buy it side effects of prevacid solutabs in infants is there a shortage of ciprofloxacina remeron tablets online buy prinivil 20 mg generic viagra suppliers south africa walgreens mail order online pharmacy spironolactone hirsutism in polycystic ovary syndrome comprar astelin pela internet ortho cyclen usa pharmacy remeron online canada fast delivery atorlip 20 uses medication buy prometrium online without prescription glucophage in italia coumadin generic india side effects of ibuprofen 800mg carafate where to purchase purchase augmentin online venlor refill pack amoxil online in us buy yagara without rx innopran xl buy without c ratioph on line in the india buy inhalers online albuterol buy atomoxetin online india no prescription buy premarin online overnight generic clomid buy canada what is sumycin clomid cycle days 3 7 advair diskus results forum buy unisom pills in the uk vitamin shoppe coupons printable 2012 buy hong kong generic aristocort online bystolic 5 mg tablet how to buy doksazosin lek buy himcocid bulk ginseng in croatia healthy blood pressure for 60 year old male ondansetrona pills online in the usa buying cefixime danazol dosage too high lotensin without prescription miami sominex on line in the canada order avalide online with visa where to buy levoxyl with echeck cheap lamictal 100mg buy cabgolin mg online the online drugstore trazodone canada buy flucazole without prescription sildenafila fda approved to buy without prescription online zofran purchase order minipress from canada without prescription aciclovir reviews and dosage buy glucofage online in the united states without a prescription viagra plus from canada without rx cost of zyrtec d pill rx health order amoxiline products what does amitriptyline do for ibs can i make extendaquin reviews on brand viagra minocin india no prescription cheap kamagra now sildenafil citrate side effects of cialis jelly erythromycin side effects sore throat where to buy serpina drugs online periactin mexico no prescription saw palmetto berries for sale clomid toronto best place to buy disulphiram in india buy quibron t online no prescription us best place to buy cafergot online order toprol xl from australia without prescription sinemet no prescription compare prices discount nitroglycerin otc where can i buy elocon cream order ginseng on line uk can you buy esperal over the counter v max herbal pills tegretol off label uses indian generics online lincocin comprar demadex original en madrid cialis sublingual mist canada buy dipyridamole with visa alli available yet motilium uk next day delivery buy tegretol online overnight what does a cephalexin pill look like capoten with no subscription legal buy zedd online canada can you snort seroquel 100 can i buy flomax in canada generic prilosec over the counter cheapest place to buy demadex online viagara purchase sarafem on line in india metformin no prrescription buy brand levitra in singapore generic aripiprazola usa cialis no prescription cialis soft sale 20mg lowest do you need rx oxybutyninum buy tinidazole online at canada pharmacy pet medicine without prescriptions how to use clomid post cycle topamax price australia buy thyroxine online worldwide bactrim 200 mg40 mg dawkowanie buy thyroxin online no prescription usa brahmi doctors online medication from mexico cyklokapron what are some over the counter antibiotics for a uti canadian drug company roxithromycin diamox for sale australia buy decadron online no prescription us best online prescription drugstore safe tretinoin 0,025 no prescription hyaluronic acid pills dosage cheapest ophthacare non prescription medazole pharmacy buy zyvox no prescription best site get female viagra cheap genuine etodolac online resources for prometrium to buy dyazide in uk florinef delivery to buy sildenafila in uk long term side effects of dulcolax post cycle therapy glucophage non prescription prevacid ralista price cheap avalide mg lotrisone 45 mg fast zertalin deleviery canada buy danazol without prescription where can i buy xenical in dubai best place to buy ephedraxin online dilantin free shipping mometasona noprescrition needed usa online pharmacy low cost overnight calan order prandin pill malegra fxt online in usa cheap genuine skelaxin online ordering kamagra oral jelly cheap celebrex buy online canada order silagra remeron for dogs acheter lopressor aspirin mist canada generic for diovan hct 160 atacand india augmentin with no rx compazine side effects adults buy biaxin online safely tenormin on line in the usa fosamax plus d price buy pravachol pills in the australia coreg delivery valaciclovir for dogs buy best drugstore brand makeup primer rogaine 5 mg tablet list of vet vipps pharmacies my pham s.i.a tenamyd canada aciclovir 200 1a pharma 100 moduretic tablets 40mg generic tricor lupin ginseng online in canada ondansetrona costco buy protonix online from canada cheap metformin no script drug store over the counter medicine deltasone himcocid uk buy cheap male erection pills buy cardizem canada what is reglan used for herbal medicines and prescription drugs order actos 60mg canada viagra prescriptions costs effects of coreg medication low cost living ltd cialis soft online purchase zyprexa in canada lamisil women buy fluss 40 shop net buy advair diskus online pharmacy best all natural viagra zyprexa pas cher buy elimite generic order aleve online without rx s cool geography glucophage xr and weight loss how to get triamterene canadian pharmacy glucofage eltroxin online in canada sertralina de 50 mg bula cheap lasix mexican pharmacy lipitor tablets uses cheap toradol mg buy toprol with paypal buy lipothin online cheap cost of neurontin in australia motilium suspension use isoptin uk no prescription diarex no prescription needed dogs online no prescription uk for alesse epivir hbv india suppliers flucazole tablets online glucophage drugstore com pricing generic amlodipinbesilat canada onlain tv ua top 10 online caverta sites safe buy trial erection packs 3 online baclofen side effects mobic to buy in the canada without a prescription cialis professional buy on line how to purchase amaryl online cipro generic canada digoxin generic australia order chloromycetin eye ointment generic what does baclofen do buy colchicina mexican pharmacies view topic order endep online acai online from uk real canadian superstore pharmacy jobs crestor with no subscription viagra over counter germany where can we buy viagra in philippines order floxin drugs infections canadian avalide tablet prednisone tablets for purchase where to purchase geriforte us online pharmacy no prescription amantadine compare prices cyklokapron best place buy atrovent pct genuine clomid 100mg fast florinef deleviery what is renagel used to treat maximum dose of wellbutrin xl aricept tablets for purchase cilest from canada chloromycetin medicine online claritin d drug classification can you buy aceon side effects noroxin tablets uses order naprosyn from uk without prescription where to buy abortion pill in singapore alfa flucon online pharmacy shipped to canada nombre generico de danazol buy roaccutane online usa estro roche precio argentina is tadapox available on line in canada erection packs 1 online bestellen albendazole prescription only viagra super active barato pill rx health order coumadin products levothyroid prices usa blopress dosage instructions buy generic cialis soft can you get free samples viagra where can i buy beta val online without a prescription purchase mentat on line in canada purchase suprax on line in canada legal cialis tamoxifen usa cvs prices baridium canadian online overnight pharmacy negative side effects of antabuse 40 mg accutane for sale get viagra freeetrail brand viagra cheap uk pharmacy is frusemide available over the counter american allegra where to buy zertalin ointment very cheap benzac cheap generic plendil canadian pharmacy online retino a cream all types nimotop pills arimidex cost per month actos prices in the u.s myambutol tablets uses where can i get diclofenac gel from order extendaquin from india without prescription how to use baclofen to stop drinking research grade levitra super active tretinoin over the counter australia furosemide overnight no rx retin a 0,05 without prescription comprar sildenafilo normon viagra cheap price us pharmacy generic yaz uk paypal viagra pills wikipedia levitra plus canadian pharmacy sinemet side effects long term use buy exelon boots pharmacy non prescription yagara toradol without a prescription from canada buy effexor with no script secure tabs viagra 100mg floxin drugstore mycelex g not generic best place to buy dutas in mexico generic roxithromycin for sale on line atorlip 10 prices buy claravis tablets reglan legal us voltaren dosering valtrex pharmacies buy metronidazole online from india generic pyridium switzerland best place to buy acivir in usa generic for plavix 2011 paroxetine mg canada can i get prandin buy atrovent online india side effects of taking oral lamisil perdorimi i viagra yagara without a prescription cheap indinavir pills spironolactone pcos hair loss atacand migrene dosering elocon reviews and dosage beta val without insurance cafergot mg canada cozaar 25mg cost azithromycin side effects last how long vytorin lawsuit 2010 do i need a prescription for atarax hytrin obat apa best raloxifeno prices himcocid billig kaufen eritromicina 500 mg para que sirve western drug calcium carbonate tinidazolum to purchase without a prescription midamor over the couter buy ephedraxin pills in the uk sending prescription medication mexico liquid nolvadex for sale ahfs drug information ampicillin where to kamagra soft no script himcolin mg wellbutrin drug wiki chloroquine brands india bromhidrato de citalopram generico purchase diflucan 100mg ordering cardizem prescription digoxin toxicity drug metoclopramide medication used fgr 100 mp pill cheap allopurinol pills 100mg buy lithium prescription coupon discount baclofen of canada prandin for sale decadron order lopid generico online zestoretic cost comparison key pred medication side effects prescription medicines for dogs buy terramycin antibiotic ophthalmic ointment best price for generic lipitor phenergan medication on line saw palmetto pills india buy cialis for women online buying fertomid using paypal erection packs 3 for sale uk can you order periactin canadian propecia synthroid cheap us pharmacy buy amlodipine besylate 5mg zyloprim cheap canada pharmacy can you buy silagra over the counter online sale of zyban best price for meclizine buy depakote for daily use norvasc prescription medication viagra vs cialis wiki differin limited india order clincin on line mexico side effects of arimidex for breast cancer percocet effects erowid medrol dosepak mg m 30 blue pill side effects rogaine 5 discount medications where can i buy coversyl brand levitra costco amitriptyline online pharmacy yasmin coupon code buy depakote online thru paypals overnight pharmacy usa first lok adalat in india buy actoplus without a subscription buy lynoral suppliers of acnetane in us how to buy flagyl er online order remeron online without rx tegretol and cough medicine valtrex wanted online review buy inderal online in the united states without a prescription is fml forte legal in uk glucofage fast canada erexor by mail class a drugs uk law metformin australia pcos mirapex canada overnight delivery salvent online ordering generic isoptin paypal order estro online no prescription with a mastercard famciclovir dose children zantac rx dosage purchase quibron t purchase silagra in australia best site for kamagra differin buy canada overstock drugstore free shipping coupon antabuse birth control online canada cheap albendazole sale uk liv 52 ds price in india buy dutasterid mg online viagra sublingual generic usa switching from effexor xr to wellbutrin singulair on line in the usa where to buy plavix online mexico lady era tablets on line to buy sinemet brand order abortion pill mifepristone buy online order ceftin 120 mg nicotinell online shipping what is betnovate 1 2 cream non prescription flovent atarax over counter medicine order zyprexa overnight diclofenac uk sale order misoprost from india without prescription online no prescription uk for benadryl where to buy meloxicam enolat with amex zetia from merck what is cleocin gel side effects of cephalexin in infants finax generic reviews astelin uk next day delivery purchase zoloft on line in usa lasuna himalaya herbal drinking while on chlamydia medication buy l thyroxine online india buy genuine trazodone uk buy over the counter aripiprazola online how much is estrofem tablets beta val costco order frumil uk pharmacy buy combivent online india cost of roaccutan zocor for men in usa gabapentine tablets online
Wednesday, November 26, 2014
Text Size

Search our Site or Google

The U.S. Mall-Vacancy Nightmare

Articles & Blogs - US Commentary

User Rating: / 31

Last November, when it had become apparent that the U.S. consumer-economy was having another dismal, Christmas shopping-season, I wrote a commentary about what that portended: the death of the U.S. consumer. I pointed to a “generational shift” in U.S. consumer behavior (i.e. lower spending) – which even U.S. retailers themselves have clearly acknowledged.

The underlying reason for this reversal of behavior is that U.S. consumers are drowning in debt. In other words, this change in habits has been forced upon them, and as I detailed in that previous commentary, to “de-leverage” themselves from all that debt will require many years of thrift – and likely (at least) a full generation.

This is among the many reasons that I have utterly rejected the myth of a “U.S. economic recovery” as being merely a fabrication of government and media. As I have pointed out in many previous commentary, all that is required to change the real (negative) GDP that the U.S. economy is actually experiencing is simply to understate inflation – since every percentage-point of inflation which is swept under the carpet can be added to GDP. Thus, when people like John Williams of conclude that the U.S. government is always understating inflation (and by a large amount), this is the same thing as saying the U.S. government is always exaggerating its Gross Domestic Product.

This perennial pretending when it comes to the underlying health of the U.S. economy has now reached its “day of reckoning”. As Average Americans begin to open their eyes, reality begins to seep in: the U.S. has feigned “prosperity” for the last twenty years by simply piling new debts on its old debts – at a rate never before seen in any major economy.

Carrying roughly $60 trillion in total public/private debt, U.S. interest rates our now permanently frozen at 0% - as even a 1% increase in its interest rates translates into an extra $600 billion per year in interest payments alone. This equates to a 5% drop in GDP by itself, even before factoring in the “multiplier effect” of withdrawing that massive amount of capital from this decaying economy.

Since the U.S. cannot “borrow” the trillions it needs to finance its debt – at the lowest rates in history – it it forced instead to simply print-up vast quantities of dollars to “buy” its own bonds. To hide this fact, U.S. bond “auctions” have become so convoluted that even bond-experts with decades of experience have absolutely no idea who is actually “buying” these bonds. As I explained in a previous commentary, the bankers themselves have acknowledged that such “quantitative easing” works better if you lie about it – and pretend that you're not doing it.

While the U.S. government is obviously pleased with itself at being able to dupe most of the chumps (i.e. “experts”) in the market with their statistical chicanery, the lying has come with a terrible price-tag. Deluding U.S. state and local governments into believing that the U.S. collapse was not as severe as it really was, and then inventing a “recovery” (while the U.S. economy continues to flounder) meant that these other two levels of government didn't begin their own cost-cutting until their coffers were totally empty.

This has resulted in (by far) the worst debt-crisis for U.S. state and local governments in history. Illinois and California are already hopelessly bankrupt, with default the only option. Forty-six out of fifty U.S. states have budget-gaps – i.e. the need to slash their budgets or ratchet-up their excessive borrowing still further. As of yet, U.S. state governments have not been cut-off from borrowing in bond markets, but for the most-insolvent of those economies, this is something only months away, if not weeks. Meanwhile, these same governments are also facing roughly a $2 trillion funding-gap in their pension plans – just as the baby-boomers start retiring.

With U.S. state and local governments in the early-stages of many years of painful job-cutting, the easy-money of the Obama “stimulus package” is gone, and the temporary “blip” in employment caused by census-hiring is also gone. This means job-losses for the U.S. economy will once again accelerate, while for government workers, even those who manage to cling to their jobs will likely see wage and/or benefit cuts.

Compounding this economic catastrophe, as I wrote approximately two weeks ago, the second U.S. housing-bubble has now burst, with this next collapse certain to be much longer and much more severe than the first, sickening plunge in this market. With the most-oversupplied real estate market in history, even Fannie Mae officials have begun openly musing about the need to bulldoze “excess houses”.

It is in this context which we must view the terminal decline in the U.S. retail sector. Unlike governments, who can simply print money to (temporarily) cover-up their economic delusions, U.S. retailers have no such luxury. Propaganda doesn't pay the bills. Thus, the retailers themselves now understand that they face a multi-decade period of retrenchment in their sector.

The first shock-wave of U.S. shopping mall bankruptcies is now more than a year behind us, with the bankruptcy of General Growth (the second-largest U.S. mall owner) by itself leading to the bankruptcy of 158 malls (roughly ¾ of its total holdings). In even a semi-healthy economy, the largest wave of retailer and mall bankruptcies in history should have been enough to restore balance to this sector. However, recent data totally shatters that scenario.

U.S. shopping-mall vacancies are once again approaching an all-time record (in the 30 years over which such data has been collected) – and are actually higher than before the first wave of bankruptcies. This horrific devolution in the U.S. retail sector has two “drivers”, above-and-beyond the general economic fundamentals which I outlined previously.

First of all, U.S. consumers are simply buying less goods. Don't let misleading “consumer spending” statistics fool you. Such numbers are never adjusted for inflation. While the U.S. government continues to pretend that inflation doesn't exist in the U.S. economy, the inflation numbers calculated by the unimpeachable John Williams tell a different story.

Williams has pegged U.S. inflation at above 9% for all of this year, and apart from a very short burst of actual deflation, he has reported similar numbers in previous years. Thus, if U.S. consumers are spending 9% more to buy their goods, but total spending is only up 6%, then obviously the quantity of goods purchased is declining. Furthermore, this decline in (real) spending is hidden by the massive increases in health-insurance premiums which U.S. health-insurance oligarchs have rammed down the throats of cash-strapped consumers – increases ranging above 30%.

Yet instead of acknowledging this retail sector death-spiral, the U.S. government continues to focus all its energies on misleading Americans about the severity of this economic catastrophe, rather than taking any serious steps to reverse this economic devolution. This has forced U.S. retailers to take the only course of action open to them: down-sizing.


As I explained in previous commentaries, in the age of the “internet”, down-sizing in the retail sector is a very straightforward process: slash the number of (real) retail outlets, and continue to push consumers toward more on-line retailing. For retailers, this doesn't mean increasing either total sales or even market-share (since all other retailers are doing the same thing). Instead, it's all about slashing overhead – and the principal component of such “overhead” is the salaries they were paying to the legions of shopping clerks who used to be essential for such rampant “consumerism”.

To some extent, this transition was always inevitable. Two hundred years of capitalism, and the rapid technological advancements which has accompanied this have provided a conclusive, empirical lesson: technology always eliminates jobs faster than it creates new employment opportunities. Thus, for more than two hundred years our governments have been steadily slashing the length of the work week (from the original “work week” of 7 days/week, 12 hours/day) – as the only means of preventing massive structural unemployment from crippling our economies.

However, for the despicable and immoral reasons which I have described in many previous commentaries, our governments have frozen this permanent transition to a shorter work week. This has resulted in massive, structural unemployment across the Western world, with somewhere around 50 million people who are no longer allowed to work by their governments.

No work means no pay-cheques, which means less consumption – which is nothing less than “death” for a consumer economy like the U.S., where more than ¾ of GDP is directly derived from consumption. Thus, not only is the U.S. economy facing another massive-wave of job-slashing from the cyclical factors which are currently at work, but the massive structural unemployment problem worsens each day – as governments refuse to shorten the work week.

This is economic suicide. Period. Every Western economy will steadily destroy itself unless/until it deals with this massive, structural unemployment – only the rate of destruction will vary. Keep in mind that at the same time our governments choose to keep unemployment at its highest (real) rates in history that the largest demographic bulge in history (the “baby-boomers”) is retiring. It is a matter of simple arithmetic that a steadily dwindling number of employed individuals cannot possibly support two massive groups of non-productive citizens.

If this weren't disastrous enough already, in the U.S., this dwindling number of worker have seen their wages (in real dollars) decline to the same level as what their great-grandparents were earning in the Great Depression, with wages depressed by a similar amount in most Western economies. Such a tiny mass of earnings is not sufficient to fund either bloated, U.S. entitlement programs, nor is it enough to stop the vicious circle of less spending leading to less stores leading to less jobs leading (again) to even less spending.



Confirming this is the fact that the increase in mall-vacancies is not the result of new construction, with only a tiny amount of new, retail “space” being added through construction. And this increase in vacancies comes even as rents are still falling – an ominous combination which again the rebuts the absurdity of a “U.S. economic recovery”.

There was less than 400,000 square feet of new, strip-mall space added in the U.S. in the entire second quarter. To give readers some idea of how small a number this is, a typical large shopping-mall in the U.S. ranges in size from 400,000 to 800,000 – thus the entire U.S. economy added the equivalent of one new mall for the whole second quarter. Meanwhile, rents plunged nearly 3% below what they were from a year earlier (despite 9% inflation), and dropped by 0.5% from the first quarter.

Ultimately, the death-spiral of the U.S. retail sector is a very simple “equation”. No jobs = no money. No money = no consumption. No consumption = no retailers. As with most of the U.S.'s economic woes, this catastrophe cannot be dealt with by wall-papering the problems with propaganda – and then hoping they will solve themselves with time.

This downward devolution of the U.S. consumer-economy is the proverbial “vicious circle”, which by definition is self-perpetuating. This means the lies must end for both U.S. political cowards and media stooges, alike. It is time for U.S. “leaders” to first acknowledge reality – and then deal with it.


Comments (4)Add Comment
Jeff Nielson
written by Jeff Nielson, July 11, 2011
Paxjds, I see the same thing in Canada - if not quite to the same degree. There is LOTS of "space" in our shopping malls these days, and stores which used to be busy (even if mostly "window shoppers") are now seeing much lighter traffic.

While things have picked-up from the worst of the Crash of '08, there is certainly no semblance of "normality".
written by paxjds, July 11, 2011
One year later and it appears to me the Mall vacancies continue to rise, and more shuttered windows on retail stores. In the stores that are open, there are fewer sales clerks and very few sales cleks seem to know very much about the products on the shelves. Product quality seems to be dropping fast compared to 3 years ago, including Made in China.
Only business that seems to be doing great is Ben's Printing. Now we are past QE2, and I am wondering who Ben is selling our over 100 Billion Dollars spending a Month deficit too? Perhaps a new article on Ben's new Bag of Tricks are in order to explain our 2011 VOODOO ECONOMOCIS.
Jeff Nielson
written by Jeff Nielson, July 11, 2010
In fact it was widely reported that China has just gone through the "slowest" 6-month period of U.S. Treasuries accumulation of any time in the last 5 years.

My understanding is that Japan has increased purchases - but that's still a sham between 'The Three Amigos': Japan buys U.S. Treasuries, the U.S. buys UK bonds, and the UK buys Japan's bonds. It's no different than all three of those nations simply DIRECTLY monetizing their debt - except slightly better optics.

The worst part of this (as I said) is how the lying by the federal government has severely aggravated the financial damage which state and local governments had already caused with their own reckless spending. Instead of these governments being able to pull back from the "brink" of disaster, they were already "over the cliff" before they even realized what was happening.

There is still no indication that states have learned that they can't rely upon this phony "recovery" to "rescue" them from this fiscal catastrophe.
written by Grumley, July 10, 2010
AND if you think the US Government IS successfully selling its bonds, consider that the US deficit has just hit $1 Trillion in the first 9 months of FY10. With the UK, Europe, and Japan completely broke, China would have to shoulder most of the load and buy these "new" US bonds. China which has allowed its currency to begin depegging and has moved all of their "current" bond holding forward into very short term maturities. So the Treasury expects us to believe that "someone" bought another 100% of China's total, current holdings of US bonds.

So the question is "who has $1 Trillion available" to buy these? The answer is NO ONE. This leaves only one logical conclusion; either "through" the giant banks for directly, the Federal Reserve has been buying these bonds (as in QE or "printing money").

Write comment
You must be logged in to post a comment. Please register if you do not have an account yet.


Latest Commentary

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12

Latest Comments

Disclaimer: is not a registered investment advisor - Stock information is for educational purposes ONLY. Bullion Bulls Canada does not make "buy" or "sell" recommendations for any company. Rather, we seek to find and identify Canadian companies who we see as having good growth potential. It is up to individual investors to do their own "due diligence" or to consult with their financial advisor - to determine whether any particular company is a suitable investment for themselves.

Login Form