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I think China's difficulties stem from an excessive speculative bubble in real estate, based on the notion/hope that manufacturing and technology industries wou
by blisterpeanuts 3y ago
I think China's difficulties stem from an excessive speculative bubble in real estate, based on the notion/hope that manufacturing and technology industries would continue high rates of growth.
Oklahoma's main economic basis is oil and gas, plus some agricultural and manufacturing, which doesn't seem to justify a massive investment in corporate office space, especially in a city that is so spread out that working from home is a strong argument over driving 20 miles to work.
But, maybe they're betting that oil and gas will make a rebound if there's a change in government in November, who knows.