Lucid Investing
Aug 21, 2022
It seems like Michael Burry has predicted economic collapse and a global financial crisis. A recession is already here, and some people believe things could get worse, with record high inflation and debt levels, meaning a 2022 stock market crash is possible. In fact he’s predicting a crash on the scale of the dot com bubble and the great recession of 2008
Michael Burry, alongside many other super investors like Ray Dalio, Chamath Palihapitiya and Bill Ackman, has been bearish on the current economy and stock market, and is especially concerned about how much spending and borrowing has been taking place. Recent 13F filings from Burry show something very alarming, and it suggests he could believe this recession could turn into an economic collapse and be worse than the great depression of the 1930s.
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