The Zhitong Finance App learned that Michael Berry, an investor famous for accurately predicting the 2008 subprime mortgage crisis, warned that painful transactions in the market may continue. The prototype character in the movie “The Big Short” proposed a bearish “Scarlet October” scenario: if the “Big Seven US stocks” follow the decline in semiconductor stocks and bond yields fall at the same time, then his judgment on this scenario will be firmer. “When it comes to painful transactions, my opinion is that painful deals evolve into fatal deals because they tend to last a long time,” he said in the Substack chat.
Zhitongcaijing · 3d ago
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The Zhitong Finance App learned that Michael Berry, an investor famous for accurately predicting the 2008 subprime mortgage crisis, warned that painful transactions in the market may continue. The prototype character in the movie “The Big Short” proposed a bearish “Scarlet October” scenario: if the “Big Seven US stocks” follow the decline in semiconductor stocks and bond yields fall at the same time, then his judgment on this scenario will be firmer. “When it comes to painful transactions, my opinion is that painful deals evolve into fatal deals because they tend to last a long time,” he said in the Substack chat.
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