Pursuits
Wall Street Has Found Its Next Big Short in U.S. Credit Market
- Struggling retailers such as Macy’s are fueling mall defaults
- Investors are betting against commercial mortgage-backed debt
Why America's Shopping Malls May Be the Next Big Short
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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.