Mr.”Big Short” Issues a Dire Warning About the Economy

Published by
The Street

By Luc Olinga Michael Burry, who bet on the collapse of subprime mortgages ahead of the 2008 financial crisis, is worried about the economy. In the current recent euphoria of the markets, Michael Burry must appear as a killjoy. Moreover, he chose as “Cassandra B.C” as a handle in the microblogging website Twitter. This suggests that it does not bother him to be often against the current of the general trend if in the end he ends up being right. The main financial indices closed on Friday August 12 for a fourth consecutive week in the green. The S&P 500, the benchmark index, rose 134.96 points,…

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