The Big Short Michael Burry Makes BIG Short Bet! Is This 1929 or 1987?

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The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It's simply data that is generally not found through conventional means.
Michael Burry from The Big Short makes a BIG short trade in 2020!
#money #finance #thebigshort

[TheMoneyGPS]

Will this be like 1929, 1987, 2008, all of the above, or none?

[craigjohnson]

Any individual or company should be able to do what ever they want... BUT NOT ON MY DIME! Companies, no matter their size, should be allowed to fail. If there is something worth salvaging, then there are always plenty on entrepreneurs to get the phoenix to rise out of the ashes. Always remember that any politician that states that a company is too big to fail, they are in a back pocket of that company!

[jameswillert]

This is 1927 plus 1987 wrapped in "1984" with a bit of 1976 and 2001 sprinkled on top to enhance fear.

[SergKiev]

Seems more like, we going to Orwellian 1984.

[ifimayspeak]

Thank you for including Africa and other parts of the world in your analisis and statistics as you do, it helps us see better the whole picture of what is happening globally.

[Dave.S.TT]

"This Garbage Platform" LOL I'll follow you wherever you go. THANKS

[helloitsdammy]

Im betting that since were in the 20s again that the greatest depression is right around the corner. Also the greatest wealth transfer ever

[stlouisix]

Funny pun 'BIG' Short bet. Big Short 2 coming to an empty cinema near you!

[threvolution_]

Can’t have a V shaped recovery if there was no growth to begin with...

[erwinschmidt]

David - '29 crash so bad, bank failures remembered forever! In '28, Dad born in '22 fought Brother born in '23 at Detroit's Friday Night Fights as 1st bout to fill arena & merch crowd for snacks etc. Since crash and bank closure, Dad could remember $ & cents loss till he died 2007! Dad & Bro fought 4 more yrs, kept $ in Non-Goldman Socks to buy a family farm in Howell 1933! Ate well since!

[joaquincortada]

As far as Food Bank lines here in South Florida. Abt a Qtr of the ppl in these lines have Mercedes and BMW'S. They have over extended themselves. It's the American way

[skapunkoialternativeliving]

Before we get back it's going to take a long while before we get back it's going to trickle down to a lot of companies but a lot of small businesses will be out permanently. ..

[jptrainor]

Limitless negative interest credit in Germany! The more you borrow the more you earn!

[BatmanBoss]

We’re in uncharted waters. Thanks David!

[jptrainor]

All the 3x crude oil ETFs collapsed and shut down when the oil prices collapsed. Complete loss if you were in before the collapse. Steer clear if you don't know exactly what you're doing and understand the risk.

[vernicethompson]

Thank you for mentioning Argentina at the end. I was wondering if you could do a comparison of Argentina vs. U.S. in a future video. I would like to know if there are similarities or if they are very different.

[JenX]

David has always reported that 65% didn't have $1000. Now we are seeing this in real time. But hey, govt allowing you to cash out 401K with no penalty to buy your food! Too bad just 35% of people have them.

[abraintrust]

Hilariously, before your video there was an ad for Paul Krugman’s master class.

[cyberprompt]

I remember 1987. IMO the reason we rebounded was due to the explanation that it was trading algorithms (HFT) which caused the crash. That was a new idea for the public back then, so as long as it was fixed.. *phew* just a glitch! Now it's all HFT, everyone knows about it and it's OVER, Johnny.

[InvestingHustler]

Things look like they’re going to get worse before they get better