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Fortune
Fortune
Sasha Rogelberg

‘The Big Short’ investor who predicted the 2008 crash warns the market is 'underestimating’ the economic impact of DOGE’s mass firings

DOGE Cory Stahle Fortune Elon Musk Economy United States Department of Government Efficiency
Elon Musk stands and holds his jacket open to reveal a "Tech support" T-shirt. (Credit: JIM WATSON/AFP—Getty Images)
  • Markets have not yet factored in the impact of mass cuts in government spending, ‘The Big Short’ investor Danny Moses said. He told Fortune the Department of Government Efficiency’s cuts have jeopardized private contractors, small businesses, and the labor market. “It's not as simple as just, ‘We think there's fraud, let's cut waste, let's cut expenses,’” he said.

Investor Danny Moses, best known for his oracular bet against mortgage-backed debt before the 2008 stock market crash, is warning of another economic red flag. 

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