Navigating the Credit Market: How Credit Default Swaps Can Help You Hedge Against Default
Photo from YouTube In an iconic scene in “The Big Short,” a 2015 film about The Great Recession of 2008, Dr. Michael Burry (Christian Bale) pitched the creation of credit default swaps (CDS) to allow him to bet against mortgage-backed securities in the U.S. housing market. His proposal was based on his analysis that the […]