‘Big Short’ Investor Michael Burry Warns of Extended Multi-Year Recession in US

Hedgefondsforvalter Michael Burry, berømt for at forudsige 2008 finansielle krise, has warned about “an extended multi-year recession” in the U.S. He believes there isn’t a strategy to pull us out of “this real recession.”

Michael Burrys advarsel om recession

Berømt investor og grundlægger af investeringsselskabet Scion Asset Management, Michael Burry, has warned about a “real recession” that will last multiple years.

Burry is best known for being the first investor to foresee and profit from the U.S. subprime realkreditkrise, der opstod mellem 2007 og 2010. Han er profileret i "The Big Short,” en bog af Michael Lewis om realkreditkrisen, som blev lavet til en film med Christian Bale i hovedrollen.

The Big Short investor tweeted about a recession Tuesday. He wrote:

What strategy will pull us out of this real recession? What forces would pull us so? There are none. So we are really looking at an extended multi-year recession. Who is predicting this? There are none.

Burry has warned about a recession several times in the past. I maj, the Big Short investor cautioned about a looming consumer recession and more earnings trouble.

I april, he sagde that the Federal Reserve “has no intention of fighting inflation,” adding that “The Fed’s all about reloading the monetary bazooka. So it can ride to the rescue & finance the fiscal put.”

NYU professor Nouriel Roubini, who is sometimes known as Dr. Doom, replied to Burry, tweeting: “Some of us have been predicting a long and severe recession and made a detailed case for why we are headed towards a Great Stagflationary Debt Crisis.” In another tweet, he wrote:

I have myself argued all year that the coming recession will not likely be ‘short and shallow.’

Denne uge, Tesla CEO and Twitter chief Elon Musk also advaret about a severe recession. He urged the Federal Reserve to cut interest rates “immediately,” emphasizing that the Fed is “massively amplifying the probability of a severe recession.”

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Kevin Helms

Studerende i østrigsk økonomi, Kevin fandt Bitcoin ind 2011 og har været evangelist lige siden. Hans interesser ligger i Bitcoin-sikkerhed, open source systemer, netværkseffekter og krydsfeltet mellem økonomi og kryptografi.




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