This isn't about lifestyle. If CRE crashes, this is 2008 all over again and probably an order of magnitude worse. Commercial real estate has been a very active asset class over the past decade and it's huge.
This isn't about lifestyle. If CRE crashes, this is 2008 all over again and probably an order of magnitude worse. Commercial real estate has been a very active asset class over the past decade and it's huge.
http://www.global-catastrophic-risks.com/docs/2008-1.pdf
Includes discussion of a "biggest natural pandemic".
Posted to HN, if not discussed, on Oct 2, 2016.
https://news.ycombinator.com/item?id=12623582
The question of GCR has been raised numerous other times on HN, though admittedly more recently of late:
https://hn.algolia.com/?dateRange=all&page=0&prefix=false&qu...
Infectious disease features prominantly among discussions of GCR:
https://web.archive.org/web/20120912020526/http://gcrinstitu...
Even software executives have suggested concern, this example from 5 years ago:
https://youtube.com/watch?v=6Af6b_wyiwI
As has the US military, from 2017:
https://www.darpa.mil/program/pandemic-prevention-platform
Economic impacts of pandemic have seen significant scholarly treatment, here looking at 1990-2018:
https://scholar.google.com/scholar?as_ylo=1990&as_yhi=2018&q...
Less black swan than head-buried ostrich, it might appear.