Hero of the popular movie about the 2008's market crash makes a prediction for 2023 michaeljburry
if we look back at it, and the main reason was the macro situation on traditional markets. With the rallying inflation, the financial regulator in the U.S. had no other choice but to condone a stricter monetary policy, suffocating every risk-on investment tool and bringingAccording to Burry, inflation has peaked, but it is not the last peak of this whole cycle. In the new year, we will see CPI even lower or possibly negative in the second half of 2023.
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.
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