How One Guy Predicted The 2008 Recession
Description
In the movie "The Big Short," directed by Adam McKay, the fascinating story of Michael Burry's prediction of the economic housing collapse of 2008 is brought to life. The film explores the events leading up to the financial crisis and highlights Burry's remarkable foresight.
Michael Burry, a hedge fund manager played by actor Christian Bale, noticed early signs of the impending collapse in the housing market. Through thorough research and analysis, Burry discovered that the housing market was built on a fragile foundation of subprime mortgage loans. These loans were given to borrowers with low creditworthiness and high risk of default.
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