Over half of San Francisco storefronts closed
Small business massacre continue as pandemic downturn rages
By WND News ServicesPublished August 27, 2020 at 3:34pm
(ZEROHEDGE) – Morgan Stanley's Michael Wilson warned a "growth scare" for markets could be imminent, if that is in the "next several weeks/months." If so, then all the instabilities of a slowing recovery, deteriorating labor market, waning consumer sentiment, and small business massacre will come out of the woodwork and shock investors.
On a micro-level, we want to share with readers a genuinely shocking, and deep economic scarring story developing in San Francisco.
According to CBS San Francisco, citing a new survey via the San Francisco Chamber of Commerce, "more than half of all storefronts in San Francisco are no longer in business due to COVID-19."
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