Michael Burry, made famous after Christian Bale portrayed him in the hit film “The Big Short,”
Shared another financial prediction for 2023 on social media Sunday.
Burry told his Twitter followers “inflation peaked,”
but that we shouldn’t get comfortable, as it’s not the last peak of this cycle.
He furthered we’re likely to see the Consumer Price Index (CPI) drop, possibly into a negative by the second half of 2023,
And the nation will be in a full-blown recession by anyone’s definition of the term.
“Fed will cut and government will stimulate.
And we will have another inflation spike. It’s not hard,” Burry said, like the blunt force of nature he is.
Burry is something of a modern soothsayer when it comes to the economy.
He liquidated almost all of his firm’s portfolio by the second quarter of 2022.
Warned of a huge market crash before anyone else.