$DEI (office+multi fam res REIT) CEO: recession could be “good” if “unemployment… puts employers back in the drivers seat”. 👈 I’d be whining too if I just gave back 61.8% of thirteen years. #puts 
Kaplan made the remarks in response to a question from Citigroup analyst Michael Griffin, who said that “we’ve seen some of your office peers come out and say potentially that a recession could be good for the office space.
This dynamic was also discussed on a May earnings call for Equity Commonwealth, a company with commercial real estate holdings comparable to those of Douglas Emmett. Equity Commonwealth’s chief operating officer told analysts that it had “seen some false starts in our portfolio,
“where tenants have called their employees back to the office, indicated they’ll need more space, but then turns out the employees have all the leverage, and they’re not coming back to the office. … I just think we’re going to be struggling with this 👉for some time.” 👈
In July, the Wall Street Journal published an op-ed with the gleeful headline “A Rude Awakening Is Ahead for Young Employees: A recession will hand the bargaining power to their bosses.”
Its author,Daniel E.Greenleaf,then the CEO of the health care services company Modivcare, began by writing, “Workers of a certain age and attitude will have to reckon with the coming recession.The days of expecting employers to be grateful for your application will be gone soon.”
Where do you think Powell got his mandate from !?
#ClassWarfare 👉 ““The maintenance of full employment would cause social and political changes which would give a new impetus to the opposition of the business leaders.”
“under a regime of permanent full employment, the ‘sack’ [being fired] would cease to play its role as a disciplinary measure. The social position of the boss would be undermined, and the self-assurance and class-consciousness of the working class would grow…..”
“Strikes for wage increases and improvements in conditions of work would create political tension.”” 👈👈👈
“‘Discipline in the factories’ and ‘political stability’ are more appreciated than profits by business leaders….. “Their class instinct tells them that … unemployment is an integral part of the ‘normal’ capitalist system.””
☝️ so Fed is used as hired muscle and a milking cow by big business first time after FIFTY YEARS of fiat debasement incl twenty years of QE, big biz doesn’t wanna share /give back an inch to labor. .#ENDTHEFED
Literally. Not enough to have subsidized buybacks but when chickens r coming home to roost and peasants want more wage now Fed has to be used like strike busting cops used to be used
They failed to drive wages down via open borders. Because even immigrants wake the F up and see they’re getting ripped off. So they wanted to open the spigots more. Failed. We got trump. We got America first. That got Soros’d quickly.
Now that globalism caught a cancer & we r getting on shoring by developed nations the multinationals can’t do anything about it so they turn the mf Fed on us.They profited so much off buybacks already they they’re ready to burn it all down cuz they know our pain will be greater
If you listen to some buried interviews with Bernie he sounds like Trump. Populism as a concept is trying to be reframed by media and big business to be “right wing” when in reality it brings us back to #ClassWarfare. Peasants / serfs vs overlords/oligarchs.
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