56: Overcoming Stress, Sleep Deprivation, and The Darkness with Peter Attia
Jocko Podcast
00:00
The Big Short Explains the Sequence of Events That Caused the Housing Crisis
The housing crisis shouldn't have affected the global economy. The banks used to leverage themselves so much that they could, in when the market crashed, they weren't ready for they couldn't handle it. If I can't make my house payment, I'm probably not making my car payment either. That's what nobody got to realize everything went down. It was these instruments called CDOs that effectively allowed this problem to become enormous.
Transcript
Play full episode
