Estimated reading time: 0 minutes, 23 seconds

'Big Short' Investor Michael Burry Predicts Recession, Inflation

Michael Burry, the investor made famous for his bets on the 2008 subprime mortgage collapse by the movie The Big Short, has issued a bleak forecast for the year ahead. So reports TheStreet.

arrow 15544 640smallBurry said on Twitter that the U.S. economy will likely be in a recession “by any definition” in 2023.

After the looming recession, Burry projected, central bankers and lawmakers will work to stimulate the economy, which will produce “another inflation spike.”

Read the full article from TheStreet.

Read 3437 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.