‘Big Short’ trader: Corporates will cause next crisis

From ZeroHedge:

Former Deutsche Bank trader Greg Lippmann is best known for having worn t-shirts with the logo “I am short your house” just before the financial crisis hit, and the US housing market imploded (making Lippmann very rich in the process). Logically, he is also very well-known for designing the trade against subprime mortgages that became known as the Big Short.

Well, Greg “The Big Short” Lippmann is back with a new warning, telling Bloomberg that the next crisis will emerge from corporate debt.

Continue reading at ZeroHedge…

× Subscribe to Crux
Want more posts like these?
Crux Contributors