The Next "Big Short" Tumbles To 13-Month Lows As Dept Store Sales Crash
// Silver For The People
zerohedge.com / by Tyler Durden / Mar 15, 2017 3:11 PM
This arcane financial instrument appears to be quickly becoming 'ground zero' for the "next big short" of this bull cycle.
Last week we introduced the CMBX Series 6 as potentially the next 'big short' – a credit derivative contract that allows betting against securities backed by malls in weaker locations where stores could close in ....