Europe's `Ticking Time Bombs' Set for Shorting, Block Says
- Investors don't ask hard questions of indebted firms, he says
- Muddy Waters founder bets against Sweden's TeliaSonera
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Carson Block, the short-seller whose bet against Asia’s Noble Group Ltd. helped sink its shares earlier this year, is targeting the "ticking time bombs" of western Europe.
Block, who runs research firm Muddy Waters, said European companies are ripe for shorting because of their indebtedness and a lack of scrutiny by investors. In a Real Vision interview to be aired Friday, he said that investors in Europe follow a code that makes it impolite to ask hard questions.