lunes, 4 de abril de 2016

THE BIG SHORT-by Diego Bufalá



The Big Short

'The Big Short' is a great movie that explains how small groups of people were able to see what economists, banks and even the goverment couldn´t : the apocalypsis of the world´s economy in 2007 with the bursting of the housing bubble and the beginning of the current crisis.
The first one to realise everything was going to hell was Dr. Michael Burry , founder of Scion Capital, who was blind of one eye and suffered Asperger´s syndrom. Christian Bale does a great job featuring such role. 



Besides him, several other investors tried to tell the world but no one listened to them, so they decided to take advantage of the situation: The founders of Cornwall Capital, who started off with 110K US dollars,  reached up to 120 million dollars.
Steve Eisman and his team, with the help from the bank officer Bearn Stearns, were able to earn 200 million dollars.
This  situation made them have contradictory feelings: they were becoming millionares and at the same time thousands of families were losing it all... 


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