Bloomberg warns empty office buildings have become a quote debt time bomb. Commercial real estate prices are now plunging with institutional quality offices losing 27% in the past year. One study from Columbia and NYU says that remote work will permanently devalue property in cities like New York and San Francisco by half.
In this Episode:
- Bloomberg: Real Estate is a “Debt Time Bomb”
- Our Independence in Exile
- GDP could be overstated by 3%
- IMF worries inflation Can’t be Stopped
- Manufacturing falls for 8 Months Straight
- America’s “Fiscal Death Spiral”
- Biden’s McJobs Economy
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