Is working from home about to spark a financial crisis?(economist.com)
economist.com
Is working from home about to spark a financial crisis?
https://www.economist.com/finance-and-economics/2024/02/14/is-working-from-home-about-to-spark-a-financial-crisis
18 comments
unfortunately, the solution has always been : bailout the capitalist rent seekers.
the only time they went against that? years of inflation as the rent seekers turned up the... you guessed it, rent.
the only time they went against that? years of inflation as the rent seekers turned up the... you guessed it, rent.
Not for me! I have better health and not spending as much money on commuting, cars, etc.
I think WFH (no RTO) and high interest rates will spark a recession. That was the whole idea of the Fed hiking rates and tightening 'QT' to reduce inflation. It's not an accident, a recession was always the goal.
However, we all know, if there is any whiff of a real crisis, The Fed will bailout: most regional banks (more likely forced acquisition by TBTF Wall St. Friends of the Fed ); some large CRE developers; and leveraged 'insider' REIT funds like Blackrock (not WeWork).
Most (>50% by loan value) Americans already have .gov as their residential landlord through Fannie & Freddie. Soon most of their mostly-empty office space will also have a .gov landlord.
However, we all know, if there is any whiff of a real crisis, The Fed will bailout: most regional banks (more likely forced acquisition by TBTF Wall St. Friends of the Fed ); some large CRE developers; and leveraged 'insider' REIT funds like Blackrock (not WeWork).
Most (>50% by loan value) Americans already have .gov as their residential landlord through Fannie & Freddie. Soon most of their mostly-empty office space will also have a .gov landlord.
"That is the worry. But it is overblown" - the byline
If it does, that's on them. And it's an indication that maybe the system isn't working correctly. Time to tweak it until it's right.
[deleted]
Obligatory and correct: https://en.m.wikipedia.org/wiki/Betteridge's_law_of_headline...
Even the sub-heading says No
That is the worry. But it is overblownSomeone needs to write an article titled "Is Betteridge's Law Always Correct?"
Maybe Bertrand Russell's barber?
If he's not too busy.
If he's not too busy.
No.
Yet another "Is <x> going to be a tragedy" article.
That's not on us. That's on them.