The Digest #109
Trouble Ahead for Housing? ...
Was Burry’s ‘Primer on Mortgage Short’ Convincing in 2006?
It is interesting to review Michael Burry’s letter to his investors written in November 2006. ‘A Primer on Scion Capital’s Subprime Mortgage Short’ is Dr. Burry’s attempt to explain his decision to take a bearish position in credit default swap ...
Using Mortgage Debt to Hedge Against Inflation
Many consumers and investors have been badly burned by debt and avoid it like the plague. However, the tax code makes mortgage debt a potentially attractive hedge against inflation ...