‘Big Short’ Investor Michael Burry Warns US Economy Flashing Historical Signal That Preceded Multi-Year Bear Markets

‘Big Short’ Investor Michael Burry Warns US Economy Flashing Historical Signal That Preceded Multi-Year Bear Markets

Michael Burry, the investor who predicted the 2008 financial crisis, is warning of a potential multi-year bear market in the US economy. A chart from Wells Fargo and Bloomberg shows the percentage of the average US household’s net worth allocated to real estate and stocks is at an all-time high.