- Michael Burry predicts a lower CPI in 2023 that could plunge the U.S. economy into a recession.
- Burry is famous for accurately predicting the mortgage crisis of 2007 to 2010 from which he made a huge profit by shorting the market.
- The ‘Big Shorts’ hero thinks the signs of a recession are clear, considering that fundamental bear market indicators have persisted.
Famous American investor Michael Burry has predicted that the U.S. economy will go into recession by the second half of 2023. According to Burry, the inflation level has reached a peak. However, it is not the last peak of the current cycle. He notes that the next inflation spike will be characterized by the response by the Federal Reserve to the impending recession and the government’s effort to stimulate the economy.
In his recent tweet, Burry predicts that the CPI will fall to lower levels, initiating a series of events to lead to another inflation spike.
Inflation peaked. But it is not the last peak of this cycle. We are likely to see CPI lower, possibly negative in 2H 2023, and the US in recession by any definition. Fed will cut and government will stimulate. And we will have another inflation spike. It's not hard.— Cassandra B.C. (@michaeljb ...
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