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Wednesday, June 7, 2023

Is the Financial Crash of 2008 About to Repeat?

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Are we about to relive the monetary crash of 2008? 

The query is begining to cross folks’s minds since a cryptic tweet on May 24 from iconic investor Michael Burry, recognized to be one of many first to guess in opposition to the subprime mortgages within the mid-2000s. Burry precisely predicted the collapse of the housing bubble. The hit film ‘Big Short’, the place his function is performed by actor Christian Bale, depicts his unimaginable guess in opposition to the tide of a euphoric market.

‘Plane Crash’

“As I said about 2008, it is like watching a plane crash,” Burry posted on Twitter on May 24. “It hurts, it is not fun, and I’m not smiling.”

Source: www.thestreet.com

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