Muddy Waters Founder Sees ‘Real Problems’ With Canada
- Carson Block cites rising debt, real estate, complacency risk
- Investors could ‘hop off train’ on the first sign of trouble
Carson Block, managing member of Muddy Waters, explains why Canada could be the hottest market right now for short sellers. He speaks with Bloomberg's Lily Jamali on 'What'd You Miss?' (Source: Bloomberg)
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Activist investor Carson Block says recent selloffs in Home Capital Group Inc. and Element Fleet Management Corp. show that investors in Canadian assets are getting nervous about soaring real estate prices and household debt.
“I’m starting to believe that there could be some real problems with Canada,” the founder of Muddy Waters LLC said in a phone interview from San Francisco.