Michael Burry, widely known for his role in the prediction of the 2008 subprime mortgage crisis and the collateralized debt obligations bubble, now predicts the same fate for Index funds and ETFs.
The Big Shot’s hero has indicated that the massive inflow into the ETF market precedes a crisis that could cripple the entire system in the long run. The contrarian explained that the influx of index funds is now affecting the prices of stocks and bonds, creating a bubble that could adversely affect the market investors at some point.
He also pointed out the risks that could be faced in this case – which we attempt to explain in a few steps through this [...]
Welcome to the fourth part of the “EVOLUTION OF MONEY” series, contributed by Cryptomedics – one of the best channels when it comes to Crypto Education, Altcoin and Margin Signals. In this episode of the epic educational series, we move forward to the fall of the Gold Standard, the BIS catastrophe and the New Gold-Exchange Standard of Money.
So far, we have covered the history of money from its barter origins through the use of cowrie shells and bronze coins to how gold and silver came to represent money. We have also covered the most significant events and individuals that had the most impact on the evolution of money into what it was in the 19th century.