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Mention Economics FactorsThe Big Short >
What is expected?
3-5 page (double spaced)
3-5 economic concepts explained from content
Name 3 mistakes by loser in battle
Name 3 ideas that won the battle
Opinion on Future of Market/Industry discussed (fine to research)
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ECONOMICS
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Economics Factors in The Big Short
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ECONOMICS
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Economics Factors in The Big Short
Financial journalist Michael Lewis wrote The Big Short. The art of winning an unjust
game, apparently about basketball numbers, is not the biggest lift pitch. Still, the movie
adaptation, with Brad Pitt also in the center, has been nominated in front of six Oscars and has
taken over $100m in the panel, showing that statistics can be convincing (McKay et al. 2015).
They bet that the US housing market will collapse with the so-called 'shorting' phase. Different
governments or organizations interested in the loaned money may justify a bond as a pledge. In
certain places, bonds continue to have been used as trading goods over the years. Michael used
the Wall Street tale to determine that financial goods were made from numerous other debt-based
revenues (McKay et al. 2015). That's like credit cards and home loans. Consequently, at this
time, the root of the mortgage bond is completed. Investments from Wall Street also used
mortgage bonds to purchase a financial product (Lewis, 2011).
Sales and trading of these loans among ...