Berkshire’s Charlie Munger Issues Warning For US Commercial Property Market

  • Berkshire Hathaway Vice-Chair Charlie Munger said Monday that a storm is brewing in the U.S. commercial property market.
  • As property prices fall, Munger said American banks are “full of bad loans.”
  • “It’s not nearly as bad as it was in 2008,” he told the Financial Times. “But trouble happens to banking just like trouble happens everywhere else.”
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