Valiant’s Dire Economic Warning

The hedge fund believes that a massive default wave in office real estate “will easily exceed the GFC and could potentially even rival the savings and loan crisis.”

The Seattle Times / Erika Shultz

The Seattle Times / Erika Shultz

Valiant Capital Management’s Chris Hansen is worried that a commercial real estate crisis could spread to other sectors and touch off the worst economic collapse in more than a decade — or even several decades.

“We believe we are currently on the precipice of an economic dislocation the likes of which we have not seen since the global financial crisis,” Hansen said in his first-quarter client letter, obtained by Institutional Investor.

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