Welch Financial Blog

“The Big Short” by Michael Lewis, is the most comprehensive history of the 2008 subprime crisis ever written. I highly recommend this book to anyone interested in understanding the disaster that just about destroyed the global economy.

Michael Lewis tells the story of the biggest credit bubble the world has known, through the eyes of three small hedge fund managers and a bond salesman from Deutsche Bank. One of those hedge fund managers, Dr. Michael Burry, published the following op-ed from the NY Times. He published the op-ed in response to Alan Greenspan who said that nobody could have foreseen the collapse of the U.S. real estate and credit markets.

Dr. Burry’s story and this op-ed are both well worth looking into.

For the complete article. please click here!