Michael Burry (known from The Big Short) is currently predicting a huge stock market crash for 2023. In fact he's predicting a crash on the scale of the dot com bubble and the Great Recession of 2008. In this video, we examine his latest tweets about the U.S. market being propped up by retail investors. New Money Clips: My Podcast: If you'd like to try Sharesight, please use my referral link to support the channel! :D (remember you get 4 months free if you sign up to an annual subscription!) ★ ★ PROFITFUL ★ ★ Learn to Invest with Brandon van der Kolk (BUNDLE OFFER) ► Learn to Master Your Tax Return (SPECIAL OFFER) ► ★ ★ CONTENTS ★ ★ 0:00 Michael Burry's Scary Track Record 1:58 Buy the Dip Mentality 4:00 Investors Are No Longer Buying 5:45 The Consumer Recession 6:49 Another Downturn? 7:22 What Do We Do? 9:24 Burry's Strategy DISCLAIMER: Neither New Money or Brandon van der Kolk are financial advisers. The information provided in this video is for general information only and should not be taken as professional advice. There are risks involved with stock market investing and consumers should not act upon the content or information found here without first seeking advice from an accountant, financial planner, lawyer or other professional. Consumers should always research companies individually and define a strategy before making decisions. Brandon van der Kolk and New Money are not liable for any loss incurred, arising from the use of, or reliance on, the information provided by this video. Contact email: hello@newmoney.contact Note: I do not have the ability to answer all emails, but know that each email is read. If enquiring about sponsorship, New Money is currently only seeking sponsorship from established brands that do not deal in a financial product (as per Australian Law)....(read more)
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Michael Burry, the famed investor who successfully predicted the 2008 housing market crash, is back with a new warning for the global economy. In a recent series of tweets, Burry expressed concerns about the possibility of a recession in 2023 and urged investors to brace themselves for an economic downturn. Burry gained notoriety after accurately predicting the collapse of the subprime mortgage market in 2008. His story was immortalized in the film "The Big Short," where he was portrayed by Christian Bale. Since then, he has remained an influential figure in the financial world, and his warnings are taken seriously by many investors. In his tweets, Burry highlighted several factors that he believes could contribute to an impending recession. One of his major concerns is the massive amount of debt accumulated by governments, corporations, and individuals. He cautioned that the level of debt is unsustainable and could reach a breaking point, triggering an economic crisis similar to the events of 2008. Another concern raised by Burry is the surging inflation. Rising prices can erode people's purchasing power, leading to decreased consumer spending and potentially dampening economic growth. Burry argued that current inflation levels are not transitory, as some economists claim, but rather a sign of deeper underlying problems within the economy. Additionally, Burry expressed worry about the potential consequences of the ongoing COVID-19 pandemic. While countries worldwide have made progress in vaccinating their populations and reopening their economies, Burry pointed out that the pandemic's long-term effects are still uncertain. He warned that lingering health and economic impacts could trigger a recession in the coming years. It is important to note that Michael Burry's predictions, like any forecast, should be taken with a degree of caution. The global economy is a complex system influenced by numerous factors, making it difficult to accurately predict future events. However, Burry's successful prediction of the 2008 crash has earned him credibility in the financial world, and his warnings are worth serious consideration. In light of his latest concerns, investors are advised to evaluate their portfolios and consider making adjustments to mitigate potential risks. Diversification, investing in safer assets, and keeping a close eye on macroeconomic indicators are some ways to prepare for a potential downturn. Furthermore, Burry's warning should serve as a reminder for governments and policymakers to take necessary steps to address the issues he has raised. Balancing fiscal policies, tackling the mounting debt, and implementing measures to control inflation should be a priority to prevent or mitigate the impact of a future recession. While the exact timing and severity of a potential recession are uncertain, it is crucial to heed the warnings of seasoned investors like Michael Burry. By being proactive and prepared, individuals, businesses, and governments can weather economic storms and emerge stronger on the other side. https://inflationprotection.org/michael-burry-issues-dire-warning-about-impending-2023-recession/?feed_id=122235&_unique_id=64c56be5097bb #Inflation #Retirement #GoldIRA #Wealth #Investing #2022stockmarketcrash #federalreserve #Inflation2023 #jeromepowell #marketcrash #michaelburry #michaelburry2023 #michaelburry2023predictions #michaelburryinflation #michaelburryinterview #michaelburryportfolio #michaelburryprediction #michaelburryrecession #michaelburrystockmarketcrash #michaelburrytweets #michaelburrywarning #stockcrash #stockmarket #stockmarketcrash #thebigshort #warrenbuffett #RecessionNews #2022stockmarketcrash #federalreserve #Inflation2023 #jeromepowell #marketcrash #michaelburry #michaelburry2023 #michaelburry2023predictions #michaelburryinflation #michaelburryinterview #michaelburryportfolio #michaelburryprediction #michaelburryrecession #michaelburrystockmarketcrash #michaelburrytweets #michaelburrywarning #stockcrash #stockmarket #stockmarketcrash #thebigshort #warrenbuffett
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