Technology
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
Ask in DM before posting product reviews or ads. All such posts otherwise are subject to removal.
Rules:
1: All Lemmy rules apply
2: Do not post low effort posts
3: NEVER post naziped*gore stuff
4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.
5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)
6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist
7: crypto related posts, unless essential, are disallowed
view the rest of the comments
To clarify (what I think you're talking about), CMBS ie commercial mortgage backed securities is eerily similar to the bullshit that kicked off the '80 'great recession', which was speculation / shorting on MBS. I remember reading an economist at the time of '08 saying this is very bad, but he predicts we'll just about scrape through it, followed by a long period of stagnating growth, zero lessons learned, then a crash which will make '08 look like a fender bender.
I always hoped he was wrong but day by day, month by month, I saw his prediction coming true.