Investor in “Big Short” Michael Burry Issues Warning About Prolonged Multi-Year Recession in US

Must read

Michael Burry, a hedge fund manager famous for predicting the financial crisis of 2008, has issued a warning about “an lengthy multi-year recession” in the United States. He thinks that there is no plan to get us out of “this terrible recession.”

The Recession Warning from Michael Burry

Michael Burry, a well-known investor and the founder of Scion Asset Management, has issued a warning about a “serious recession” that will persist for several years.

In “The Big Short,” a Michael Lewis book on the mortgage crisis that was adapted into a Christian Bale-starring motion picture, he is highlighted.

A recession was mentioned in a Tuesday tweet by the Big Short investor.

What plan can rescue us from this genuine recession?

We are therefore genuinely facing a protracted, multi-year slump.

Burry has previously issued multiple recessionary warnings.

The Big Short investor issued a warning in May about an impending consumer recession and new profits problems.

Often referred to as Dr. Doom, NYU professor Nouriel Roubini responded to Burry’s tweet by writing: “Some of us have been anticipating a protracted and severe recession and provided a detailed argument for why we are headed into a Great Stagflationary Debt Crisis.” He added: I have personally stated all year that the impending recession is not going to be “short and shallow.” in another tweet.

More articles


Please enter your comment!
Please enter your name here

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Latest article