Generational theory, international history and current events
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by Jack Edwards » Mon May 05, 2025 4:21 pm
by FullMoon » Sun May 04, 2025 5:41 pm
by FullMoon » Sun May 04, 2025 4:41 pm
by FullMoon » Sun May 04, 2025 4:35 pm
Bob Butler wrote: ↑Sun May 04, 2025 12:44 pm Yah. The greater the disaster, the greater the need for progressive change. We're getting a bunch of disaster. The rich elites having too much say in government? Too much prejudice? Personally, I'd rather the current system had been preserved by a Kamala victory, but with Trump we are getting a true economic collapse and constitutional crisis. A real S&H crisis, missing only a crisis war thus far. Still, give him time...
by Bob Butler » Sun May 04, 2025 12:44 pm
by FullMoon » Sun May 04, 2025 12:05 pm
spottybrowncow wrote: ↑Fri May 02, 2025 8:31 pm I would like to encourage all GD readers to to read this: https://now.tufts.edu/2019/11/21/why-un ... superpower It is somewhat dated (2019), but I think still highly relevant. In a time of increasing pessimism and doomsaying, it offered me an engagingly different perspective - maybe right, maybe wrong, but engaging, nonetheless. I look forward to others' feedback. Spotty
Yale historian Paul Kennedy conducted a famous study comparing great powers over the past five hundred years and concluded: “Nothing has ever existed like this disparity of power; nothing.” The United States is, quite simply, “the greatest superpower ever.”
by spottybrowncow » Fri May 02, 2025 8:31 pm
by tim » Mon Apr 28, 2025 6:25 am
Let’s take the office building story step-by-step: Between 2010 and 2020, millions of square feet of office space were financed with unnaturally cheap credit. During the pandemic, millions of Americans discovered that they prefer working from home and refused to return to the office. Occupancy rates for many office buildings, as a result, are now so low that cash flow doesn’t cover expenses. The post-pandemic inflation spike forced governments to raise interest rates just as loans on thousands of office buildings are coming up for refinancing. Combine lower cash flow with higher interest expense, and the result is plummeting valuations for many office buildings. The Trump administration begins cutting the federal workforce, further emptying already underused offices. The result: a mountain of bad commercial real estate paper festering on bank balance sheets, threatening a banking crisis in the coming year.
Can An Economy Grow While Its Real Estate Tanks? Nope Housing is a lead weight, while office space is a ticking time bomb. Neither is conducive to steady 3% non-inflationary growth. They might be the first dominoes to fall, as in 2008, or they might contribute to a crisis caused by geopolitics or an equities bear market. Either way, real estate is definitely part of the “imminent recession” story.
by Tom Mazanec » Sun Apr 27, 2025 4:10 pm
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