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Based on the content, the description is as follows: 'The Big Short' depicts how Michael Burry predicted the 2008 housing bubble by noticing the overvaluation and risky lending practices in the housing market. Ryan Gosling's character in the film explains the complex financial mechanisms behind the crisis. The 2008 financial crisis, triggered by the bursting of the housing bubble, led to widespread defaults, foreclosures, and a global economic downturn. This crisis is explained in detail in various sources, including a 3-minute summary.

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