In this latest list of retail store closings, clark.com's list now includes 3,583 stores closing THIS YEAR. Most of these stores haven't actually closed yet, so we're not seeing the ripple effects on other stores, but those effects will come later in the year.
A better than expected "jobs created" number just came out, and Wall Street is still thinking things are going along fine. In addition, Republicans are working on a bill that would repeal many of the financial industry regulations put in place after The great Recession of 2008. In other words, we're being set up for another, similar collapse in the future.
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