“The Fed has no intention of fighting inflation. Serial half-point hikes are for getting elevation before stocks and the consumer tap out,” said Burry. ratehikes
'Big Short' Investor Michael Burry Says 'the Fed Has No Intention of Fighting Inflation'
He is best known for being the first investor to foresee and profit from the U.S. subprime mortgage crisis that occurred between 2007 and 2010. He is profiled in “The Big Short,” a book by Michael Lewis about the mortgage crisis, which was made into a movie starring Christian Bale.The Fed has no intention of fighting inflation. Serial half-point hikes are for getting elevation before stocks and the consumer tap out.
At the time of writing, his tweet has been liked 13.8K times and retweeted over 2.2K times. Many people on Twitter agreed with Burry.
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