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Bloomberg News: Michael Burry Says 'Addictive' Consumer Spending Heralds Trouble

August 15, 2022
Market Crash

Article by Claire Ballentine in Bloomberg News

Michael Burry of “The Big Short” fame says strong consumer spending could portend more trouble ahead. 

The investor, who’s best known for betting against the housing market ahead of the 2008 crash, tweeted Friday that credit balances are rising “as consumers choose violence rather than cut back on spending in the face of inflation.” 

“Covid helicopter cash” — possibly .......

To read this article in Bloomberg News in its entirety, click here.

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