Charlie Munger Predicts Commercial Real Estate DOOM | Hot Sheet 05/01/23
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Charlie Warren Buffett's Partner in Crime Tells Financial Times US Banks Are Packing With Bad Loans
Warren Buffett's partner in crime Charlie Munger says US banks are packed with bad loans that will be vulnerable as bad times come and property prices fall. A lot of real estate isn't so good anymore, Munger says; we have a lot of troubled office buildings,. We've got two and a half trillion coming due in like the next year to two years. The Hashi is waiting to see what Jerome Powell says on Wednesday.
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