The Greatest Trade Ever & The Stage Is Set For The Next Fed-Created Crisis

Posted by Forbes Magazine

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670px-us-federalreserveboard-seal-svgMost are familiar by now with the amazing story of investor John Paulson. Having predicted trouble in the mortgage market ahead of 2008, Paulson positioned one of his hedge funds to profit from a decline in the value of mortgages. The trade was so lucrative that the Wall Street Journal’s Gregory Zuckerman wrote a very worthwhile book about his prescience, The Greatest Trade Ever.

….continue reading “Stanley Fischer’s ‘Systemic Risk’ Hubris Sets The Stage For The Next Fed-Created Crisis”