Charlie Munger reportedly warns of trouble for the U.S. professional assets marketplace

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Charlie Munger reportedly thinks there is issues ahead for the U.S. commercial property marketplace.
The 99-calendar year-aged investor instructed the Financial Periods that U.S. banking institutions are packed with “bad financial loans” that will be vulnerable as “terrible occasions appear” and residence costs drop.
“It truly is not nearly as lousy as it was in 2008,” he told the Monetary Occasions in an job interview. “But issues takes place to banking just like difficulties comes about in all places else.”

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