Economy

Michael ‘Big Short’ Burry Makes Another Dire Prediction

Michael Burry rose to fame after the 2015 film “The Big Short” depicted his bet on the subprime-mortgage meltdown, which sparked the 2008 financial crisis. 

The financier has since become a market statesman. He mainly plays the role of Cassandra. The name of his profile on the microblogging website Twitter is “Cassandra B.C.” He’s the bearer of bad news. And he’s been delivering it for the past few months.

The investor, who recently liquidated his entire portfolio of U.S stocks save one, says the worst for the economy is yet to come as Federal Reserve Chairman Jerome Powell reiterated on Aug. 26 that the central bank would continue to raise interest rates aggressively to fight inflation.

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