The Guy Who Predicted the 2008 Crash Issues Warning About Elon Musk Torpedoing Federal Spending

Everyone's talking about recession indicators right now, which itself may be an augury of some kind. But if doom prophesying about the economy is your thing, why not hear what one of the guys who predicted the last major recession has to say? Danny Moses, who was made famous by Michael Lewis' 2010 book "The Big Short" — and its star-studded 2015 movie adaptation — for betting against mortgage-backed securities before the 2008 financial crash, is now warning about the economic the fallout of Elon Musk torpedoing the federal government, again without the market seeing the writing on the wall. "I think we are underestimating the impact to the economy of the cuts we're making at the federal government, and what that might mean [for] the knock-on effects into the economy," Moses said in an interview on CNBC's program "The Exchange." "I think we're hurting the revenue side of the equation." It's true that the market can be slow on the uptake. Stocks ironically soared after Donald Trump's ... Read full article.