‘Worse than 2008’: ‘Big Short’ investor Michael Burry says current economic downturn could top Great Recession

https://nypost.com ^ | September 30, 2022 | By Thomas Barrabi

[RomanSoldier19]

[ProtectOurFreedom]

Not to worry. Cheap, plentiful, and highly reliable GREEN ENERGY will save the day. US manufacturing and transportation of goods will absolutely BOOM in the new era of cheap energy.

[EEGator]

Good flick. Christian Bale did a good job as Michael Burry.

[eyedigress]

It is here.

I work for a major.

All spending stops now.

[DoughtyOne]

As long as the White House has been ‘Twitter Sanitized’,
nothing else matters.

...and he was a racist! /s

[citizen]

Western economies implode >> look for big wars, along with ‘emergency’ powers enacted.

[aMorePerfectUnion]

I hope FReepers have the wisdom to protect their investments.

[RomanSoldier19]

[Governor Dinwiddie]

Does anyone see the exact same similarities to what happened to Venezuela?

[eyeamok]

The Federal Reserve and other central banks around the world have scrambled to hike interest rates

B$llsh^t, if they were serious the rates would be 20% plus for normal debt and at least 15% for Mortgages, see Early late 70's and early 80's

[citizen]

I hope FReepers have the wisdom to protect their investments.

---

I should go guard Wells Fargo? The crooks are more likely on the inside.

[EEGator]

I’d put all my money into ball bearings. It’s all ball bearings nowadays.

[Leaning Right]

> I’d put all my money into ball bearings. It’s all ball bearings nowadays. <

It’s a bit of a side point, but Nazi Armaments Minister Albert Speer was interviewed after the war. What did he think of the Allied strategic bombing campaign?

You made a mistake by bombing a little bit of this, and a little bit off that, Speer replied. You should have concentrated entirely on our ball bearing factories. Germany would have ground to a halt years earlier.

So, yep. Even back then it was all ball bearings.

[political1]

Then if you’re investing, then invest against the market instead of with it.

[Justa]

“if they were serious the rates would be 20% plus for normal debt and at least 15% for Mortgages...”

Well, Venezuela’s rate is 57% if that’s any consolation.

[Right Brother]

Invest in bull fertilizer. The growth rate is phenomenal.

[EEGator]

I had no clue about that story, I was just mostly quoting Fletch…

[EEGator]

I heard it’s a shitty deal…

[Parley Baer]

“It is here.

I work for a major.

All spending stops now.”

What industry is the “major” in?

[rbg81]

My own opinion is that we are way overdue for an implosion of some kind. The Fed has done its best to keep the Stock Market inflated. But the party has to end sometime.