Posted on 07/12/2023 6:53:17 PM PDT by SeekAndFind
yeppers. I expect the housing market will take a dive as well.
Big banks are are the movers and shakers of wokeism. Big banks going under would hurt but might be a blessing in the long term
But, the heat in Texas is oppressive and I heard there was flooding in Vermont. And something about a submarine.
Why would anyone talk about it? Lots of extra office space is not a “looming economic crisis.” Rents will come down, and a few high-rises will revert to their respective lenders who can then dump them for a good price or become landlords. Not a “crisis” unless everything is always a crisis.
Any bank considered by the government to be “too big to fail” should be broken up into several smaller banks. Time to use anti trust law.
“ Poleg gives a detailed breakdown of how everything is interconnected and what it could take to reverse course. It will take years of government spending and a bailout to ensure everything doesn’t go to hell.”
Well, yeah, ‘cause that’s always worked out so well.
Imagining the effect on retirement funds in Commercial real estate
The slim margins companies operate on are vanishing with higher interest rates.
“t will take years of government spending and a bailout to ensure everything doesn’t go to hell.”
The kiss of death.
Hate to break the news to you, but the glut of office space in an era of remote white collar work is not just a “blue state” phenomenon.
Westfield collapsed due to impossible crime rates
The crisis comes with the write down of loan values and the impact that will have on the balance sheets of the mortgage lenders and their investors. That will put numerous banks and pension funds under severe stress.
Don’t bother with air-conditioned trucks for the Teamsters. President Butt-Head’s EPA is further restricting HFCs.
The money is moving.
Large tax cities are being hit.
I still do many service calls way up in Charlotte.
They are becoming a benefactor, esp. from NY.
Blackrock, Open Door and others bought up homes at inflated prices to turn them into rentals. My Mom’s estate was one of those (Open Door).
POTUS Potato ended that run when he was installed.
Bttt.
5.56mm
If you held UPS stock and you’re already underwater, would you go ahead and sell for the loss before they go on strike?
Maybe the rat plan to corral us all into cities isn’t going to work after all.
It will take years of government spending and a bailout to ensure everything doesn't go to hell.All it took was a couple years of insane Government lockdowns to demolish the economy combined with a couple decades of insane Government zero interest rates to create the recipe for Government bailouts combined with trillions more Government spending to cure what the Government caused in the first place.
There seems to be a constant thread throughout the successive messes.
This author proposes that the government do fiscal things that are simply not sustainable, even though the same government is obsessed with "sustainability."
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