Market Trader Alessio Rastani to BBC: Eurozone Market Will Crash
Jaw dropping prediction:
Rastani says you can make money on the recession, and on the crash. Well, Michael Lewis, in his book The Big Short, tells the story of how some guys made a ton of money in the crash of the sub-prime mortgage bond market.
Somebody was buying the fabulous luxury cars that were being built during the height of the 1930’s depression. Those Packards, Stutz-Bearcats, Cords, Auburns, Bentleys and LaSalles were darn big and nice, and nice and expensive. It was later, after the depression was over that those luxury auto makers went out of business.