Charlie Munger says the U.S. commercial property market is in trouble: FT report
Publishing timestamp: 2023-05-01 09:46:18
Summary
Charlie Munger, vice chairman of Berkshire Hathaway, warns of trouble ahead for the US commercial property market and believes that US banks are packed with "bad loans" that will be vulnerable as property prices fall. Munger suggests that Berkshire Hathaway has largely stayed on the fringe of the crisis due to risks that could emerge from banks' numerous commercial property loans.
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Keywords: breaking news: markets, berkshire hathaway inc, markets, business news, charlie munger, breaking news: economy, banks, economy, real estate, warren buffett,