Icahn reveals his biggest short position amid market turmoil: Commercial real estate

www.cnbc.com/2020/03/13/icahn-reveals-his-biggest-short-position-amid-market-turmoil-commercial-real-estate.html

  • Billionaire investor Carl Icahn told CNBC he expects the U.S. commercial real estate market will crumble.
  • He said he is shorting the commercial mortgage bond market, and it’s his “biggest position by far.”
  • He said the housing market bubble of 2008 has “happened all over again.”
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I guess wework never really stood a chance after all. Demand for co-working space is going to plummet.

 

AC

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