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Is working from home about to spark a financial crisis?

economist.com

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Re: Is working from home about to spark a financial crisis?

#15
post #5

Obligatory and correct: https://en.m.wikipedia.org/wiki/Betteridge's_law_of_headline...

Someone needs to write an article titled "Is Betteridge's Law Always Correct?"

Maybe Bertrand Russell's barber?

If he's not too busy.

Re: Is working from home about to spark a financial crisis?

#17
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.

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