‘Worse than 2008’: ‘Big Short’ investor Michael Burry says current economic downturn could top Great Recession
“The Big Short” sage Michael Burry revealed he’s up to some of his old tricks during this latest period of market upheaval. Burry, whose bet against subprime mortgages were immortalized in the 2015 film, made a cryptic reference to new short positions on his Twitter account on Tuesday night.The Scion Asset Management boss did not reveal the assets or stocks on which he is currently short.collapse of cryptocurrency trading platform FTXThe investor touched on the ongoing cryptocurrency bloodbath in a separate tweet, noting that gold could re-emerge as a preferred refuge.
“Long thought that the time for gold would be when crypto scandals merge into contagion,” Burry tweeted.
“When crypto falls from trillions, or meme stocks fall from tens of billions, MainStreet losses will approach the size of countries.” Um, that's already happened right? (Many are down 85%). Or is more blood coming?
Says right here, about 5’5”
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