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サマリー
あらすじ・解説
Listen in as Timothy Messina joins me in a discussion about the harsh realities of the housing market crash and our contrarian views toward the corporations fueling the news content these days. Our discussion sums up the key points that stuck in our minds after watching the 2015 movie, “The Big Short” about the US subprime mortgage industry.
Sadly, families lost their homes (and many lost their lives) due to the 2008/2009 market crash because high-risk mortgage loans were chopped up and packaged into securities that received high-quality ratings, causing them to, for a short period, attract investors and drive the stock market and the housing market upward.
In this episode, listen for
- The definition of a true contrarian - do you think you could do it?
- Better decisions can be made across the board with the right resources and solid research
- When something is popular, resist the temptation to follow the herd
Billions of dollars are being poured into giant firms every day. This bolsters their business, making them seem like an authority. Meanwhile, consumers place their complete trust in these corporations and their “advice” to the public.
The oil industry and pharmaceutical companies, as just two examples, serve the public a healthy dose of what they want to hear while simultaneously covering up detrimental facts. The worst part? It’s been going on since we were kids and probably even before then.
Rather than following the herd, consider going against it. Do your own research, stand up for what you believe in, and act in your own best interests.
www.unlearningproject.org