Learn about the 2008 Financial Crisis, Security Backed Faulty Mortgages and Housing Bubble in this Video Guide (It is an Explanation for the Movie “The Big Short”)
The Big Short documents the incredible true story of the 2008 financial crisis and some of the people that knew the housing bubble was going to pop. Though the movie was really gripping, I found it difficult to follow the first time through. If you’re like me, you could use a little more explaining, so I did my homework and put together this video that will hopefully make more sense to you all!The Enterprise
The Big Short Explained Video Guide 1
How Did Michael Burry Predict the 2008 Housing Bubble?
The 2008 housing bubble and subsequent global financial crisis, crushed stock markets globally by over 50%. However, one man by the name of Michael Burry (Scion Capital) saw it coming for years and was able to profit over $100M from the event. So how did this small time investor see it coming? How did he bet against the American economy and win?NewMoney