Re:Federal Reserve pledges asset purchases with no limit to ...
by hamiltont on Monday March 23, 2020 @12:36PM
(#22665676)
In my industry (software), rent is typically peanuts compared to payroll
Re:Federal Reserve pledges asset purchases with no limit to ...
by airstrike on Monday March 23, 2020 @01:38PM
(#22666494)
Indeed. Payroll will also be significantly affected even in "rent-heavy" industries
https://www.wsj.com/articles/ge-to-cut-aviation-workforce-as...
Then landlords can't pay their expenses, and will default on their own payments
This trickles up all the way to the banks and could result in their insolvency, which is what the Fed is (rightfully) trying to prevent