Year: 2016 Director: Adam McKay
Declaration of interest straight up. I work in the financial markets in the education area these days, so I know a lot about what happened during the global financial crisis, the shenanigans that went on and I know the jargon. So I am coming from a different angle to someone either wanting to have a stimulating night at the movies or learn about what caused the GFC. The Big short is a reference to shorting the market. which means you sell something you don’t own and hope to buy it back at a lower price before you have to settle.So you sell higher than you buy which is the reverse of buying something then hopefully selling it when it goes up. At the time the markets were in a major bull run ( rising market) so people taking a negative view was very much going against the tide. The movie focusses on a few characters that latch onto the realisation that the mortgage market in america is extremely vulnerable due to por lending practises and the financial markets are ,in turn extremely vulnerable because of the many financial instruments created based on these underlying mortgages. » Continue Reading.