Well said Dr. John. I've been preaching to people that the depression>recession will take much of the rest of the decade to get fully worked through - particularly commercial real estate. Between WFH, the near death blow to small restaurants/small retail and the fundamental shift/acceptance to online everything means we're radically overbuilt/wrong-sized in the commercial RE sector nationally (and probably internationally). And I'm curious as to how lumpy the stock market corrections will be in late 2021/2022 - especially given the election cycles in the US.
Well said Dr. John. I've been preaching to people that the depression>recession will take much of the rest of the decade to get fully worked through - particularly commercial real estate. Between WFH, the near death blow to small restaurants/small retail and the fundamental shift/acceptance to online everything means we're radically overbuilt/wrong-sized in the commercial RE sector nationally (and probably internationally). And I'm curious as to how lumpy the stock market corrections will be in late 2021/2022 - especially given the election cycles in the US.
Apropos of nothing but kind of exactly what Dr. John's preaching ... https://www.linkedin.com/news/story/markets-rattled-by-big-trading-bet-5041596/