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Mybookzone.net request you to maintain a queue of atleast 10 books. You will be able to give a pickup request once you make a queue of 10 books.
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| 1 | Sharloc holmes By Sharloc holmes | |||
The year 2008 shook the financial world to its roots and the whole world was perplexed about the situation. The Big Short: Inside The Doomsday Machine by Michael Lewis deals with the other side of this gripping situation.
The real economy started to decline in the early 2006, and this decline had its impact on investments in business equipments and consumer spending on durable goods as well. The cause of this drop was initiated in 2005 when it occurred to a money manager to short mortgage bonds, which in effect means to bet against the mortgage paid at the appropriate time. For this, Dr. Michael Burry visited various banks to buy credit default swaps (CDS), which are like a type of insurance against the default of mortgage bonds.
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