Michael BurryFounder of Scion Asset Management, the "Big Short" investor who called the 2007 subprime mortgage collapse.
People always ask me what is going on in the markets. It is simple. Greatest Speculative Bubble of All Time in All Things. By two orders of magnitude. #FlyingPigs360
X (tweet since deleted, quoted by The Motley Fool) · Jun 15, 2021 · source · hindsight clip
Admitted by the site's editor alone — Seeded by the site owner at launch; single-operator admission (ADR-0012).
Normalized claim
Markets in mid-2021 are the greatest speculative bubble of all time and will suffer a historic crash across asset classes.
Confidence
high (85%)
Deadline
Dec 31, 2022 · inferred
Resolution rule
Hit if by 2022-12-31 major asset classes fell by more than in any prior drawdown (a crash of historic scale). Partial: the S&P 500 fell about 25 percent and crypto about 70 percent in 2022, which editors weigh against 'greatest of all time'.
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More from Michael Burry
Sell.
DUE