‘The Big Short 2.0’: The investors cashing in on US economic pain

As the coronavirus pandemic accelerated the demise of some brick-and-mortar retailers, a group of investors, including Catie McKee, profited handsomely.

Betting against MAGA and booming (ODT)

There is something uncomfortable about the idea of getting fantastically rich off someone else’s misfortune, which is what happens when a “short” trade — or bet against a stock or industry — succeeds. The contrast is even more startling given that the pandemic, which has devastated the economy and hurt the livelihoods of millions, has turbocharged the bets that Icahn, McKee and others placed on the downfall of malls.

‘The Big Short 2.0’: The investors cashing in on US economic pain

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