Still seems to me the idea of “if people don’t come back into work the real estate market implodes” is the most convincing.
Commuters vaporizing and countless city blocks losing their purpose will cause huge upheaval in the real estate market.
And turns out a /lot/ of CEOs have a vested interest in keeping the real estate market artificially propped up.
Thus, they try and force people back to work as hard as they can.
It won’t last, the big companies that don’t give a shit about real estate due to being even bigger in scale will out compete and the international market will absorb most of the workforce.
If you shackle your success to real estate, then you can’t compete with international megacorps that saw this coming awhile ago. Prepare to be acquired.
Synthic CDOs were just one example of the problem we didn’t learn. There’s a whole logic, risk and visibility problem around derivatives of derivatives. The fact that the CFTC has suspended swap reporting, and that we have a derivatives markets that is so massive and then we have derivatives (like swaps) based on those derivatives is a system designed to fail.
The derivatives market is over $1 quadrillion dollars large.
That’s a conspiracy theory. Most companies have no interest in keeping high housing market prices, because it increases the wages they pay to their workers and it increases the lease for their offices.
I have not seen any evidence of a ceo needing the office market to stay high. Some companies renting those building? Sure! But most ceo don’t care about those.
Managers though can’t adapt to remote working teams, and they must justify their use to the company. A ceo will also be very easy to convince that people won’t work if they’re left alone at home, eventhough all studies prove the opposite. There is a toxic culture within the management and directors that workers won’t work if they aren’t under a leash.
Still seems to me the idea of “if people don’t come back into work the real estate market implodes” is the most convincing.
Commuters vaporizing and countless city blocks losing their purpose will cause huge upheaval in the real estate market.
And turns out a /lot/ of CEOs have a vested interest in keeping the real estate market artificially propped up.
Thus, they try and force people back to work as hard as they can.
It won’t last, the big companies that don’t give a shit about real estate due to being even bigger in scale will out compete and the international market will absorb most of the workforce.
If you shackle your success to real estate, then you can’t compete with international megacorps that saw this coming awhile ago. Prepare to be acquired.
It’s like we didn’t learn pur lesson in 2008
Well, some tried to start a movement, but the police came eventually to stop it.
I learned that the working class faces ahead of it a long struggle , and has no friend in ACAB.
Im not entirely sure this specific issue has much to do with Synthetic CDOs.
Synthic CDOs were just one example of the problem we didn’t learn. There’s a whole logic, risk and visibility problem around derivatives of derivatives. The fact that the CFTC has suspended swap reporting, and that we have a derivatives markets that is so massive and then we have derivatives (like swaps) based on those derivatives is a system designed to fail.
The derivatives market is over $1 quadrillion dollars large.
Yup, this site has a really interesting graph if anyone is interested.
Though it states 12.4 trillion or 600 trillion depending on valuation type.
https://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization-2022/
Probably not too much but a key lesson was that the housing market is pretty fucked up
Big companies are owned by capitalists who also own considerable assets in real property.
That’s a conspiracy theory. Most companies have no interest in keeping high housing market prices, because it increases the wages they pay to their workers and it increases the lease for their offices.
I have not seen any evidence of a ceo needing the office market to stay high. Some companies renting those building? Sure! But most ceo don’t care about those.
Managers though can’t adapt to remote working teams, and they must justify their use to the company. A ceo will also be very easy to convince that people won’t work if they’re left alone at home, eventhough all studies prove the opposite. There is a toxic culture within the management and directors that workers won’t work if they aren’t under a leash.