- cross-posted to:
- latestagecapitalism
- cross-posted to:
- latestagecapitalism
Kept seeing this clip of Barry Sternlicht laughing about a “nice little recession” so I thought I’d share.
For what it’s worth, this isn’t the first time I’ve heard someone hoping for a recession. My stepdad told me this and I don’t understand why he’d want that.
According to him the only way to combat inflation is for us to go into a recession. But wouldn’t that cause a different form of chaos?
I’m uneducated on inflation vs recession but I know for a fact through lived experience that inflation sucks, and I’ve heard recession is also shit so why ask for one?
Anyway if this doesn’t belong here please let me know so I can post it somewhere else, I’m still getting used to what posts belong in what communities.
@SpaceDogs Remote work will fuel the next economic boom. These billionaires are going in for an awakening. They will be “woke”.
Remote work will collapse the commercial real estate market rather than leading to any sort of boom. Remote work isn’t particularly profitable for capitalists.
Well, it could be profitable if you take the stranded capital out of the equation. A company that isn’t invested in commercial real estate can gain a lot from elimination of that expense.
However, that’s a very small portion of the market. The vast majority of capitalists, in their relentless reach for yields, are invested in real estate to some degree or are entangled with companies that are invested. So, yeah, it’ll collapse the market.