Office spaces could be down 10 to 15% even after the economy recovers, adding that rents in top markets such as New York and San Francisco will continue to experience declines in 2021. CRE crisis unfolding. Let me guess what follows – “bailouts ahead.” https://www.zerohedge.com/markets/companies-dump-office-space-inventory-swells
Author Archives: econophysics2020
Visualizing Pandemics
Death toll from the COVID-19 virus relative to other historic pandemics all the way back to Roman times. Black Death is still the winner – hands down. Courtesy of Visual Capitalist: https://www.visualcapitalist.com/history-of-pandemics-deadliest/
Death of the Middle Class – Killed by Deficits, Stimulus, and the Monetary Politburo
My old professor, Murray Rothbard, explained the dynamics decades ago: “The first people to get the new money are the counterfeiters, which they use to buy various goods and services. The second receivers of the new money are the retailers who sell those goods to the counterfeiters. And on and on the new money ripplesContinue reading “Death of the Middle Class – Killed by Deficits, Stimulus, and the Monetary Politburo”
Tinker, Tailor, Soldier, Spy
Ironic that John le Carre passed last week. Let’s revisit some dialog from the epic screenplay for his “Tinker, Tailor, Soldier, Spy”: CONTROL: “Shut up, Esterhase.” Control waves him down. Smiley considers the report dispassionately.SMILEY: “If it’s genuine it’s gold-dust.(Beat) But its topicality makes it suspect.” Control turns to Alleline, with a mocking smile.CONTROL: “SmileyContinue reading “Tinker, Tailor, Soldier, Spy”
Tale of the Tape
From the Blog: “Today IBM is unveiling a new milestone bringing to light work more than 15 years in the making between IBM researchers and Fujifilm. Together, we have set yet another new world record in tape storage – our sixth since 2006. Pushing the limits, we achieved 317 GB/in2 (gigabits per square inch) in areal density onContinue reading “Tale of the Tape”
Chris Macintosh responds to Lord Klaus Schwab
A sample of Chris’s points before you read the article: “Those that have thrived are unsurprisingly the very same clutch of folks that are your buddies from Davos. Enormous corporations that benefit from the tyrannical lockdowns. It comes as no surprise that Bezos’ Amazon, Zuckerberg’s Facebook and Dorsey’s Twitter have all sucked up more power,Continue reading “Chris Macintosh responds to Lord Klaus Schwab”
Corrupt Joe’s Business Associates
How China’s ‘Army of Paid Internet Trolls’ helped censor COVID-19. https://www.zerohedge.com/covid-19/leaked-docs-reveal-how-chinas-army-paid-internet-trolls-helped-censor-covid-19
Jack learns it’s not smart to torque-down Xi
It’s not enough to offer Xi what he would take anyway.
Fiat Currency Debasement
Global debasement of fiat currencies means steadily rising gold, silver, and BTC continue to rise despite stalling recovery. Continuing monetary stimulus and suppressed rates mean less confidence fiat currencies will return to past glory. Von Mises (1966): “Economics recommends neither inflationary nor deflationary policy. It does not urge the governments to tamper with the market’sContinue reading “Fiat Currency Debasement”
All Hail Lord Powell and Free Money
With FANG snapping to the Fibonacci, Pacific-Atlantic rejoices the crushing of the Ungovernables.
Econophysics2020 