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" ... Once the bubble that WeWork exemplifies bursts, governments have few options to revive growth. When the subprime crisis felled the global economy in 2008, policymakers had fiscal and monetary space to respond. This time, ammunition is in short supply. That doesn’t mean everyone will turn Japanese. It does, however, suggest that the slowdown resulting from the next reckoning will be more secular than cyclical. That’s an outcome with will work for no one but tech-stock shortsellers. ... "