Berkshires Charlie Munger issues warning for US commercial property market
Kabuhayan Ang Charlie Munger ng Berkshire ay nagbigay ng babala para sa komersyal na merkado ng ari-arian sa US 6 minuto ang nakalipas Balita ng Ethereum ng Bitcoin 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.” “Its 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.” WARREN BUFFETT CRITICIZES BITCOIN, SAYS IT ‘DOESN’T HAVE ANY INTRINSIC VALUE “In the good times you get into bad habits. When bad times come they lose too much,” the Berkshire Hathaway executive added as the First Republic Bank saga aired on television behind him, the Financial Times reported. Berkshire Hathaway has supported other troubled U.S. banks, giving $5 billion to Goldman Sachs in 2008 during the economic recession and a similar total to Bank of America in 2011. BASAHIN SA FOX BUSINESS APP BUFFETTS BERKSHIRE STOCKS SA HIGIT PANG OCCIDENTAL PETROLEUM SHARE Munger said, “Weve had some disappointment in banks, too.” “It‘s not that damned easy to run a bank intelligently, there are a lot of temptations to do the wrong thing,” he continued. “A lot of real