Dow jones plunges 512 points in one day; nasdaq down 136; s&p down 60

I ran across this tidbit. After 2 months of being bottled up in Normandy in 1944, Allied forces achieved a breakthrough and had a clear road to Paris. Big victory! From my WW2 history book -

 

That reminds me of the old joke: if you want to do your bit to raise the GNP, wreck your car on the drive between your chemotherapy session and your divorce proceedings. All that stuff is great for the numbers.

 

Time to repeat my favorite economists joke:

Experienced economist and not so experienced economist are walking down the road. They come across a pile of horse manure lying on the asphalt.

Experienced economist: "If you eat it I'll give you $20,000!"
Not so experienced economist runs his optimization problem and figures out he's better off eating it so he does and collects money.
Continuing along the same road they come across another pile of horse manure.
Not so experienced economist: "Now, if YOU eat this I'll give YOU $20,000."
After evaluating the proposal experienced economist eats it and collects the money.
They go on. The not so experienced economist starts thinking: "Listen, we both have the same amount of money we had before, but we both ate horse manure. I don't see us being better off."
The experienced economist replies "Well, that's true, but you overlooked the fact that we've been just involved in $40,000 of trade."

 

You've just reaffirmed what I've always thought. All economists are full of $hitt!

 

...and do not understand basic math, beyond the numbers involved.

 

Fuck Airlines

 

WGAF about wallstreet...the market is so divorced from Main Street reality


“A whopping 84 percent of all stocks owned by Americans belong to the wealthiest 10 percent of households.”

https://www.nytimes.com/2018/02/08/business/economy/stocks-economy.html

 

Tech stocks are now about as much times the value of the S&P 500 as at the tech crash.

 

Nate or my fillings?

 

that's more of an accounting trick, with which some firms are well acquainted

 

It's a GDP joke because the GDP is used as a measure of how well a country is doing without doing a good job of measuring how well a country is doing.

 

Like IQ tests measuring IQ. (convo from another thread)

 

I have read that in the past silver has had these type of movements, but when they end they crash very fast.

So you have to know what you are doing to jump off very fast.

 

Let me know when the silver gets to the late 70's price.

 

So what will the corona influenced working from home habit have on real estate investments in offices?
From what I hear and read worldwide the believe is that a substantial part of those will keep working from home. That means alot of office space becomes unoccupied territory.

 

Maybe.

Onboarding and mentoring are still best accomplished in office. I predict we'll enter a norm in which 2 or 3 people share an office and alternate WFH and ITO. Meeting spaces will downsize. That obviously still will impact office real estate, but in a more moderate way.

 

Anyway it will be an interesting part of the investment portfolio to watch how it deals with the after corona world.

 

Numbers will downsize but if adding in social distancing requirements and maybe sq ft doesn’t drastically decrease for office space? I believe people have enjoyed working from home and productivity hasn’t fallen much but I sense talking to folks that they are ready to add some good old-fashioned out of the home office space to their lives.

 

'We work' is fvcked.