The Big Short Full Book Introduction

<p><strong>The Big Short</strong></p><p><a href="https://www.bookey.app/book/the-big-short" rel="noopener noreferrer" target="_blank"><strong><u>The Big Short&nbsp;Full Book Introduction</u></strong></a></p><p>&nbsp;</p><p>This book mainly tells the story of how several ordinary Wall Street workers found out the secret of the bond market, realized the crisis hidden under the "subprime" bubble, and got rich by shorting the market. The book also reveals the dark side of American financial institutions and financial rating agencies. It analyzes the various causes of the financial crisis.</p><p><strong>&nbsp;</strong></p><p><strong>Author : Michael Lewis</strong></p><p>The author of this book is Michael Lewis. He graduated from Princeton University and the London School of Economics and Political Science. He served as a bond trader at Salomon Brothers, and was also a writer for The New York Times and an editor of The Observer. His famous book, Liar's Poker, is widely regarded as a classic depiction of Wall Street culture in the 1980s. He is also the author of Moneyball: The Art of Winning an Unfair Game, The Blind Side: Evolution of a Game, and Home Game: An Accidental Guide to Fatherhood.</p><p>&nbsp;</p><p><strong>Overview | Chapter 1</strong></p><p>Hi, welcome to Bookey. Today, we will unlock for you the book, The Big Short.</p><p>&nbsp;</p><p>Speaking of the U.S. subprime crisis, we believe you are already familiar with it. The crisis began in the spring of 2006. At the time, many Americans that borrowed money to buy homes couldn't afford their bank loans. They sold their homes, and housing prices plunged, which triggered an economic crisis that engulfed the housing and financial markets. By August 2007, the crisis had influenced the financial markets of the U.S., the European Union, and Japan. It also brought unimaginable damage to the famed Wall Street. However, some saw the crisis well before the bubble burst. While everyone else was dreaming of making money, they shorted the market and made handsome profits a