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Article from Kitco, a gold and PM's oriented site; as it quoted Michael Burry of "The Big Short" fame, thought it might have some currency (ha!)
'Big Short' investor Michael Burry warns of 'greatest speculative bubble of all time'
Anna Golubova
Wednesday June 16, 2021 13:43
Kitco News
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(Kitco News) After deleting all his tweets just over two months ago, the "Big Short" investor Michael Burry is back with a clear message — markets are in the biggest bubble in history.
Burry's most recent Twitter activity shows that the famous investor is worried about speculation in the markets more than ever.
"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," Burry tweeted on Tuesday.
The hashtag #FlyingPigs360 is likely in reference to an old Wall Street phrase: "Bulls make money, bears make money, but pigs get slaughtered," which is used as a caution against greed.
Burry was the investor profiled in Michael Lewis' "The Big Short" book about the mortgage crisis. He now runs Scion Asset Management.
Burry is most known for spotting the mortgage crisis ahead of time and making a fortune against the U.S. housing bubble. However, back in 2019, the famous investor also made millions by purchasing shares of GameStop, which was well before the Reddit frenzy took over the stock.
Back in February, he joined the inflation debate, making a comparison to the 1970s period. He told investors to brace for inflation while pointing to a boom in demand due to the fiscal stimulus being injected into the economy.
"The U.S. government is inviting inflation with its MMT-tinged policies. Brisk Debt/GDP, M2 increases while retail sales, PMI stage V recovery. Trillions more stimulus & re-opening to boost demand as employee and supply chain costs skyrocket," he tweeted in February.
Burry deleted his Twitter account in April after revealing that he was short Tesla stock and the broader market in general. He resumed his Twitter activity on Monday.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
httpx://www.kitco.com/news/2021-06-16/-Big-Short-investor-Michael-Burry-warns-of-greatest-speculative-bubble-of-all-time.html
(replace the 'x' in the httpx above if you want to see all the lovely ads)
'Big Short' investor Michael Burry warns of 'greatest speculative bubble of all time'
Anna Golubova
Wednesday June 16, 2021 13:43
Kitco News
Share this article:
Burry's most recent Twitter activity shows that the famous investor is worried about speculation in the markets more than ever.
"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," Burry tweeted on Tuesday.
The hashtag #FlyingPigs360 is likely in reference to an old Wall Street phrase: "Bulls make money, bears make money, but pigs get slaughtered," which is used as a caution against greed.
Burry was the investor profiled in Michael Lewis' "The Big Short" book about the mortgage crisis. He now runs Scion Asset Management.
Burry is most known for spotting the mortgage crisis ahead of time and making a fortune against the U.S. housing bubble. However, back in 2019, the famous investor also made millions by purchasing shares of GameStop, which was well before the Reddit frenzy took over the stock.
Back in February, he joined the inflation debate, making a comparison to the 1970s period. He told investors to brace for inflation while pointing to a boom in demand due to the fiscal stimulus being injected into the economy.
"The U.S. government is inviting inflation with its MMT-tinged policies. Brisk Debt/GDP, M2 increases while retail sales, PMI stage V recovery. Trillions more stimulus & re-opening to boost demand as employee and supply chain costs skyrocket," he tweeted in February.
Burry deleted his Twitter account in April after revealing that he was short Tesla stock and the broader market in general. He resumed his Twitter activity on Monday.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
httpx://www.kitco.com/news/2021-06-16/-Big-Short-investor-Michael-Burry-warns-of-greatest-speculative-bubble-of-all-time.html
(replace the 'x' in the httpx above if you want to see all the lovely ads)