TeeJaw Blog

Market Trader Alessio Rastani to BBC: Eurozone Market Will Crash

Posted in Economic Theory, Government and Politics by TeeJaw on Sunday, October 2, 2011, 10: 40 PM

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.

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