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Exact(18)
One side bet that the mortgage market would collapse.
The housing market would collapse at this precise moment.
If that happened the bubble in the bond market would collapse.
He also helped investors -- and himself -- land huge profits as big bets that the housing market would collapse materialized.
More recently, tech venture capitalist Chamath Palihapitiya asserted, "If companies shut down, the stock market would collapse.
The securities allowed people who believed that the housing market would collapse to buy insurance against certain mortgage bonds they thought might fail.
Similar(42)
Odey said: "As sterling falls against all its trading partners' currencies, it is mechanically ensuring that inflation rises up through 3.5%." A BBC documentary has previously quoted him as saying he made £220m by betting the markets would collapse as a result of the vote to leave the 28-member bloc.
Under the test, house prices would collapse by 35%, unemployment would surge by 12%, interest and inflation rates would rise and financial markets would collapse by 30%.
"I remember thinking, If someone smart were to just call it out, someone who had the ear of the market, it would collapse".
Secretly, Paulson would bet against the mortgage market, hoping it would collapse – making sure it would collapse.
It doesn't sound right, but when you think about it, if people could get close to market timing, then the market would simply collapse instantaneously.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com