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

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.”

ការព្រមានអំពីវិបត្តិសេដ្ឋកិច្ចរបស់ Michael Burry

Famous investor and founder of investment firm Scion Asset Management, Michael Burry, has warned about a “real recession” that will last multiple years.

Burry ត្រូវបានគេស្គាល់ថាជាវិនិយោគិនដំបូងគេដែលបានមើលឃើញជាមុននិងទទួលបានប្រាក់ចំណេញពីវិបត្តិប្រាក់កម្ចីបញ្ចាំនៅសហរដ្ឋអាមេរិកដែលបានកើតឡើងនៅចន្លោះឆ្នាំ ២០០៧ និងឆ្នាំ ២០១០ ។ ខ្សែភាពយន្តដែលសម្តែងដោយ 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 ព្រមាន about a looming consumer recession and more earnings trouble.

នៅខែមេសាគាត់ បាននិយាយថា: 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.’

This week, Tesla CEO and Twitter chief Elon Musk also បានព្រមាន 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.”

Do you agree with Michael Burry about an extended multi-year recession? Let us know in the comments section below.

លោក Kevin Helms

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