44sec snip

We Study Billionaires - The Investor’s Podcast Network cover image

TIP558: How Ackman & Taleb Profited Billions During Market Crashes w/ Scott Patterson

We Study Billionaires - The Investor’s Podcast Network

NOTE

Connection between US housing market decline and global financial crisis

The US housing market declined unexpectedly which triggered global financial crisis./nThe financial system was connected through derivatives like credit default swaps and collateralized debt obligations./nThe bundling of these derivatives caused the global financial crisis.

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