“2017 Will Be A Tipping Point” – Why Some Think This Is The Next “Big Short”

Monday, March 13, 2017
By Paul Martin

by Tyler Durden
ZeroHedge.com
Mar 13, 2017

One week ago we reported that “Mega-Bears Smell Blood As Mall REITs Tumble” in which we wrote that “just like 10 years ago, when the “big short” was putting on the RMBX trade, and to a smaller extent, its cousin the CMBX, so now too some are starting to short CMBS through the CMBX. They are betting against securities backed by malls in weaker locations where stores could close in quick succession, triggering debt defaults.”

This morning Bloomberg has followed up our post with a not-so-subtly-titled “Wall Street Has Found Its Next Big Short” in which it writes that “Wall Street speculators are zeroing in on the next U.S. credit crisis: the mall…. It’s no secret many mall complexes have been struggling for years as Americans do more of their shopping online. But now, they’re catching the eye of hedge-fund types who think some may soon buckle under their debts, much the way many homeowners did nearly a decade ago.”

The Rest…HERE

Comments are closed.

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter