Michael Burry rose to fame after the 2015 movie “The Big Short” portrayed his bet on the subprime mortgage crisis, which sparked the 2008 financial crisis.
In the meantime, the financier has become a market statesman. He mainly plays the role of Cassandra. The name of his profile on the microblogging website Twitter is “Cassandra BC”. He is the bearer of bad news. And he has delivered it for the past few months.
The investor, who recently liquidated all but one of his portfolio of U.S. equities, says the worst for the economy is yet to come as Federal Reserve Chairman Jerome Powell reiterated on Aug. 26 that the central bank would lower interest rates. would continue to increase aggressively to fight inflation.