The short big - congratulate, this
Veteran investor Danny Moses compared the stock-market boom to the dot-com bubble, underscored the dangers of excessive leverage and liquidity, and called for the Federal Reserve to temper its stimulus efforts in a recent RealVision interview. He was profiled in "The Big Short," author Michael Lewis' book about the mids housing bubble and the contrarians who saw the crash coming. Eisman was portrayed by Steve Carell in the movie adaptation. It's really very similar - adding a dotcom back then or saying you're in crypto now. They were 17 during the financial crisis, which means they've only known the Fed having their back. This is a liquidity-driven market, period. the short bigThe short big Video
The Big Short (2015) - Brownfield Fund and Scion Capital unload short positions [HD 1080p]Veteran investor Danny Moses compared the stock-market boom to the dot-com bubble, underscored the dangers of excessive leverage and liquidity, and called for the Federal Reserve to temper its stimulus efforts in a recent RealVision interview. He was profiled in "The Big Short," author Michael Lewis' book about the mids housing bubble and the contrarians who saw the crash coming.
Eisman was portrayed by Steve Carell in the movie adaptation. It's really very similar - adding a dotcom back then or saying you're in crypto now. They were 17 hhe the financial crisis, which means they've only known the Fed having their back. This is a liquidity-driven market, period.
Money is still the short big for a home, and here will find its way into whatever is the flavor of the day.
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That's a very dangerous, unsustainable model over the long term. Even with the market as high as it is, this is the most potential alpha I have seen, both on the long and particularly on the short side here. Risk-taking is at an all-time high. That's always going to come with problems over time.
Here are Moses' 16 best quotes, lightly edited and condensed for clarity:
You're seeing pockets of blowups, whether it's Greensill, Archegos, whatever it might be. You're going to see a lot more of these things keep happening because this is what the Fed wanted. Their objective is to get everybody out on the risk curve, and out there lending, and out there buying, and doing those things.
Consumer credit is going to look the greatest it ever has in history. We're still in this euphoric phase where no one's going to worry about it yet. Whether there's going to be a CDO-esque product shot blows up over time or something related to mortgages, I'm sure we'll get there eventually. But this is just the Wild, Wild West. They came about because of the ability to leverage, and what people believe is that the Fed always has your the short big
Quite right! I think, what is it good idea.