Learn How Recession hit the World after the 2008 Financial Crisis
Today on Crash Course Economics, Adriene and Jacob talk about the 2008 financial crisis and the US Government’s response to the troubles. So, all this starts with home mortgages, and the use of mortgages as an investment instrument.
For years, it seemed like the US housing market would go up and up. Like a bubble or something. It turns out it was a bubble. But not the good kind. And the government response was interesting.CrashCourse
Learn 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