Charlie Munger reportedly warns of trouble for the U.S. commercial property market

Charlie Munger reportedly believes there is trouble ahead for the U.S. commercial property market.

The 99-year-old investor told the Financial Times that U.S. banks are packed with "bad loans" that will be vulnerable as "bad times come" and property prices fall. "It's not nearly as bad as it was in 2008," he told the Financial Times in an interview. "But trouble happens to banking just like trouble happens everywhere else."

Charles Munger at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, April 29, 2022.The 99-year-old investor told thethat U.S. banks are packed with "bad loans" that will be vulnerable as "bad times come" and property prices fall. "It's not nearly as bad as it was in 2008," he told the Financial Times in an interview. "But trouble happens to banking just like trouble happens everywhere else."

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street Week Ahead: Recession worries simmer beneath US stock market rally By Reuters*WALL ST. WEEK AHEAD: RECESSION WORRIES SIMMER AHEAD OF FED RATE HIKE, U.S. JOBS REPORT AND APPLE EARNINGS $DIA $SPY $QQQ 🇺🇸🇺🇸
Source: Investingcom - 🏆 450. / 53 Read more »