As reported in Bloomberg, new leases in the fourth quarter dropped 64% YoY to 4.6 million square feet.
Average asking rents for the highest-quality offices fell 8.6% to $90.42 a square foot, a decline that doesn’t capture concessions such as free months or tenant-improvement allowances.
And, as the graph above indicates, this may just be the beginning.
The escape from New York, that is.
Recall in the world of 1984, it is the middle class – the Outer Party – that is most feared by the Inner Party. The Party employs a Ministry of Truth, historical revisionism, and memory holes to rob Proles and the Outer Party of their history and the present.
“Who controls the past controls the future. Who controls the present controls the past.”
In 1984, Newspeak is essential to control. Newspeak isan impoverished language that makes heresy impossible by “cancelling” people and words.
And so, why should anyone be surprised The Party would ban so many things?
Beginning with the statistical facts of the stolen election.
As reported by The Federalist, here is YouTube’s policy:
“Now that the election results have been certified, and due to the extraordinary events that transpired yesterday, videos uploaded on or after today (January 7) that violate this policy will both be removed and a strike will be applied to the channel,” the statement said. “As strikes can impact a channel’s standing, including the ability to upload … we recommend that you be familiar with the policy when publishing relevant content on YouTube.”
Got it, Plebe?
Obey.
https://thefederalist.com/2021/01/07/youtube-will-ban-all-videos-highlighting-voter-fraud/
As the story goes, police actually opened up the barricades that were surrounding the U.S. Capitol and purposely allowed protesters to storm the building.
Just as a debate about the evidence of election irregularities was about to begin in the halls of Congress, these riots conveniently broke out.
Members of Congress were quickly evacuated, and the millions of Americans that were watching never got to see an honest debate about the 2020 election.
When proceedings finally resumed, the entire atmosphere had completely changed, and all of a sudden hardly anyone was interested in debating whether the election results were legitimate or not.
https://www.zerohedge.com/political/questions-about-chaos-capitol-desperately-need-be-answered
Some other links:
Cops inviting demonstrators into the Capitol: https://twitter.com/i/status/1346938214867738625
Cops leading photographers up the stairs inside the Capitol: https://twitter.com/i/status/1346977270183899136
Antifa buses escorted into DC: https://twitter.com/i/status/1346944255273492482
Corporate elites get their payday.
As for the rest? Qu’ils mangent du gâteau.
And remember what history teaches happens next: après moi le déluge
https://www.zerohedge.com/markets/here-are-full-blue-wave-implications-politics-markets-and-economy
Margin debt at all-time high reaching $722.1 billion through November.
Such peaks coinciding with spiking money supply and slowing monetary velocity signals haircuts ahead.
Recall what they say about reefing sails – you do it the moment the thought first crosses your mind.
As Tyler observes, ISM falsely shows an uptick when, in fact, delivery time extension is more indicative of a supply chain disruption.
Recall US industrial production remains stalled 5.6 percentage points below the long-run average.
Nothing like this ever happened before.
https://www.zerohedge.com/markets/ism-manufacturing-unexpectedly-soars-supplier-delivery-times-spike
Rodda et al. (2020) performed a longitudinal assessment of individuals recovered from mild COVID-19 to determine whether they develop and sustain multifaceted SARS-CoV-2-specific immunological memory.
They determined that recovered individuals developed SARS-CoV-2-specific immunoglobulin (IgG) antibodies, neutralizing plasma, and memory B and memory T cells that persisted for at least 3 months.
Their data further reveals that SARS-CoV-2-specific IgG memory B cells increased over time.
Additionally, SARS-CoV-2-specific memory lymphocytes exhibited characteristics associated with potent antiviral function: memory T cells secreted cytokines and expanded upon antigen re-encounter, whereas memory B cells expressed receptors capable of neutralizing virus when expressed as monoclonal antibodies.
Therefore, mild COVID-19 elicits memory lymphocytes that persist and display functional hallmarks of antiviral immunity.
Available at: https://www.sciencedirect.com/science/article/pii/S0092867420315658
Reference:
Lauren B. Rodda, Jason Netland, Laila Shehata, Kurt B. Pruner, Peter A. Morawski, Christopher D. Thouvenel, Kennidy K. Takehara, Julie Eggenberger, Emily A. Hemann, Hayley R. Waterman, Mitchell L. Fahning, Yu Chen, Malika Hale, Jennifer Rathe, Caleb Stokes, Samuel Wrenn, Brooke Fiala, Lauren Carter, Jessica A. Hamerman, Neil P. King, Michael Gale, Daniel J. Campbell, David J. Rawlings, Marion Pepper,
Functional SARS-CoV-2-Specific Immune Memory Persists after Mild COVID-19,
Cell, 2020, ISSN 0092-8674, https://doi.org/10.1016/j.cell.2020.11.029.
If I may respectfully quote Tim Knight:
“Let’s start with Bitcoin. Sunday evening, out of seven billion people on the planet, I was the only one stupid enough to actually say the following: ‘my wild guess at this point is that cryptos have – – for the time being – – peaked..’ Well, this sucker plunged FIVE THOUSAND DOLLARS in the span of a few hours. Not bad, eh?”
Indeed
Where’s Jack? Lost in a memory hole?
Maybe just like those American jobs lost – never to be seen again.
Iran seized Hankuk Chemi along with her cargo of ethanol.
No doubt just a coincidence, ROK is holding Iranian assets seized for sanction violations.
For additional information:
https://www.vesselfinder.com/vessels/HANKUK-CHEMI-IMO-9232369-MMSI-440172000
Econophysics2020