Liberal Forum

ConservativeWave » Today, 8:15 am » wrote: ↑

Today, 8:15 am

I think Jamie Dimon is looking at it from a completely different perspective... Currently, with a HUGE percent of the workforce working from home, millions of office buildings are sitting empty, with leases and notes coming due soon (office buildings don't usually have a firm/fixed interest rate, & they change over time)... So, millions of those buildings are sitting empty, are not paying for themselves, and will start to be going delinquent soon (some already have)... Owners will walk away from them, leave the banks holding the property, & the resulting economic shock is what I think Dimon is worried about... LOTS of banks stand a high chance of going under, because of the losses... and that financial calamity could WELL cause a nation wide financial crisis !  However, it may already be too late... BUT, I think Dimon see's this incentive to get workers BACK into office buildings as a "last chance" to avert the economic crisis he sees coming...

Just MY opinion....

You are probably right. However, it's the industries job to keep up and adapt with the changes. They knew this was coming, but they did nothing.