Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, 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 Burry’s Recession Warning
Famous investor and founder of investment firm 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 mortgage crisis that occurred between 2007 と 2010. He is profiled in “The Big Short,” a book by Michael Lewis about the mortgage crisis, which was made into a movie starring Christian Bale.
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. In May, the Big Short investor cautioned about a looming consumer recession and more earnings trouble.
4月中, 彼 言った 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.’
今週, Tesla CEO and Twitter chief Elon Musk also 警告した 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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画像クレジット: シャッターストック, Pixabay, ウィキ・コモンズ
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