Michael Burry (known from The Big Short) is currently predicting a huge stock market crash for 2023. In fact he’s predicting a crash on the scale of the dot com bubble and the Great Recession of 2008. In this video, we examine his latest tweets about the U.S. market being propped up by retail investors.
New Money Clips:
My Podcast:
If you’d like to try Sharesight, please use my referral link to support the channel! 😀
(remember you get 4 months free if you sign up to an annual subscription!)
★ ★ PROFITFUL ★ ★
Learn to Invest with Brandon van der Kolk (BUNDLE OFFER) ►
Learn to Master Your Tax Return (SPECIAL OFFER) ►
★ ★ CONTENTS ★ ★
0:00 Michael Burry’s Scary Track Record
1:58 Buy the Dip Mentality
4:00 Investors Are No Longer Buying
5:45 The Consumer Recession
6:49 Another Downturn?
7:22 What Do We Do?
9:24 Burry’s Strategy
DISCLAIMER:
Neither New Money or Brandon van der Kolk are financial advisers. The information provided in this video is for general information only and should not be taken as professional advice. There are risks involved with stock market investing and consumers should not act upon the content or information found here without first seeking advice from an accountant, financial planner, lawyer or other professional. Consumers should always research companies individually and define a strategy before making decisions. Brandon van der Kolk and New Money are not liable for any loss incurred, arising from the use of, or reliance on, the information provided by this video.
Contact email: hello@newmoney.contact
Note: I do not have the ability to answer all emails, but know that each email is read. If enquiring about sponsorship, New Money is currently only seeking sponsorship from established brands that do not deal in a financial product (as per Australian Law)….(read more)
BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
Michael Burry, the famed investor who successfully predicted the 2008 housing market crash, is back with a new warning for the global economy. In a recent series of tweets, Burry expressed concerns about the possibility of a recession in 2023 and urged investors to brace themselves for an economic downturn.
Burry gained notoriety after accurately predicting the collapse of the subprime mortgage market in 2008. His story was immortalized in the film “The Big Short,” where he was portrayed by Christian Bale. Since then, he has remained an influential figure in the financial world, and his warnings are taken seriously by many investors.
In his tweets, Burry highlighted several factors that he believes could contribute to an impending recession. One of his major concerns is the massive amount of debt accumulated by governments, corporations, and individuals. He cautioned that the level of debt is unsustainable and could reach a breaking point, triggering an economic crisis similar to the events of 2008.
Another concern raised by Burry is the surging inflation. Rising prices can erode people’s purchasing power, leading to decreased consumer spending and potentially dampening economic growth. Burry argued that current inflation levels are not transitory, as some economists claim, but rather a sign of deeper underlying problems within the economy.
Additionally, Burry expressed worry about the potential consequences of the ongoing COVID-19 pandemic. While countries worldwide have made progress in vaccinating their populations and reopening their economies, Burry pointed out that the pandemic’s long-term effects are still uncertain. He warned that lingering health and economic impacts could trigger a recession in the coming years.
It is important to note that Michael Burry’s predictions, like any forecast, should be taken with a degree of caution. The global economy is a complex system influenced by numerous factors, making it difficult to accurately predict future events. However, Burry’s successful prediction of the 2008 crash has earned him credibility in the financial world, and his warnings are worth serious consideration.
In light of his latest concerns, investors are advised to evaluate their portfolios and consider making adjustments to mitigate potential risks. Diversification, investing in safer assets, and keeping a close eye on macroeconomic indicators are some ways to prepare for a potential downturn.
Furthermore, Burry’s warning should serve as a reminder for governments and policymakers to take necessary steps to address the issues he has raised. Balancing fiscal policies, tackling the mounting debt, and implementing measures to control inflation should be a priority to prevent or mitigate the impact of a future recession.
While the exact timing and severity of a potential recession are uncertain, it is crucial to heed the warnings of seasoned investors like Michael Burry. By being proactive and prepared, individuals, businesses, and governments can weather economic storms and emerge stronger on the other side.
the last 20 years is an anomaly in the grand scheme of things with low interest rates so logically for Banks to survive they have to get their money back and that applies to companies that have debt so logical conclusion is that cash flows will be down on large cap stocks and up on like medium and small cap depending how recession proof those businesses are but do I see people's behaviours changing? no, so it's a mixed bag. people's psychology is for greed in this current society. for the most part the trend I have observed is people basically follow profits because it's an easy rule of thumb so when profits go down there could be some kind of shift in psychology.
A perfect storm is brewing in the United States. Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.
I wonder if the US will ever have a solid economy from here on. If you put your production facilities in a low income country, say China, and try to cover that loss of jobs by focusing on service economy jobs, you must realize that the country you moved your production to will develop that service economy on their own, at a lower price. Also, there is a huge economic infrastructure connected to production (housing, healthcare, insurance, machinery, logistics, etc), and possibly you need it locally to survive over a 50+ year period. Would love to hear how the US will overcome that problem.
Recession is often the result of external factors, and it appears that the United States is losing its grip as a federal reserve currency. With a decreasing ability to control inflation and a reduction in stocks and oil trading, it seems that a new multilateral world order is on the horizon.
Amazing video, the warning is on the table and will be taken in consideration. Michael Burry is a well-known investor who gained fame for predicting the 2008 financial crisis and was featured in the book and movie "The Big Short." However, it's worth noting that economic forecasts and predictions can vary widely, and it's important to consider multiple perspectives and sources when evaluating such predictions. To stay informed about current economic trends and forecasts, I recommend following reputable financial news sources, reading reports from economists and analysts, and consulting with trusted financial advisors who can provide you with the most up-to-date and accurate information regarding the state of the economy, excellent video I liked it a lot.
Barry and Peter Schiff says the exact same thing.
A financial professional you work with could really prepare you for life. I'm glad I was able to get in touch with my coach Jackson Sten Marsh earlier this year because I was actively cashing out from my portfolio and finally earned over 370k just in the first quarter while everyone else was complaining about the downturn. Jackson Sten Marsh. has assisted us in paying off our debt and saving for retirement.
How long do you think this inflation hike would last ? When do you think inflation might go down ?
Someone asked me why I was such a fan of this channel. I explained to them that I was in finance for years, and I really felt like an imposter because I could not get the access that I was seeing people that didn't look like me access, and I was not just given mentorship, I had to seriously seek it. So I learned to listen. Listening to people that understood money became very important to me and I NEVER saw people that look like me that could or would. I appreciate y'all SO much. Thank you for all that you do
At 2.19 timeline, he mentioned BTFD, what's does this stands for??
You make the assumption that everyone has decades ahead. Some of us don't,we are already retired.
isn't it kinda logical, that you have to invest back into the hurt market as a big investor, to prefent the market from shrinking?
Michael burry one of the best guys who never fails to impress me, brillian video buddy
thank you very much interesting information
Michael Burry, predicts a grim future for 2023. He sees a decrease in inflation, a weakened economy, and the likelihood of a recession.
It's still a little bit confusing for me but nice content.
Burry's commentary is valuable for retirement accounts.Loving the repetition of long-term vright. Thanksfast and upright when the fundamentals are right.Thanks for sharing.
.The fin-Market have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $250k is down to $192k any recommendation;s to scale up my return;s during this crash will be highly appreciated
Really interesting!
Thank you
I would argue that "investing" because "you're an investor" is a very dangerous mentality. Its like being a sailor seeing a massive storm and saying "I dont care, im a sailor and i sail!".
If you look at value these days almost every single stock is severely overvalued, and will continue to be so until we start seeing the red numbers. Then panic will set in and people will lose insane amounts of money, just because FOMO beat logical reasoning. I could be completely wrong, but nothing today gives me a sense of security when looking at both the global and american economy.
We have been trained that we lose less on the stock market than you do in the bank….
For me, M.B. today is only one of many influencers and takes profit on your reactions if you believe.
Your stalling maneuvers are incredible. Recently, you barely bring any value in our videos.
Are you the host from the podcast, chat with traders?
We've seen Christian Bale as Michael Burry so frequently people are going to think he's actually Michael Burry.
The fed keeps propping up the market and share buybacks. It's all manipulation. Burry is right a bunch, but you should be thankful you have such a corrupt fed that won't allow a correction, if they can help it.
are you julian assange's brother?
Given banks are collapsing where should we have confidence our money is safe? We are putting money in the market because those companies are real and produce stuff and we all know that money is worth nothing anyway. Now is the perfect time to enter for long term so long as you are aiming for dividends and don't borrow money to do it.
I'm with him. I'm short and my expiration is in 2024 and 2025.
Market analysts it matters if we (our GOVERNMENT) is insane dude teasing China and Russia who cares about money if our electrical grid goes down and we go into World War III PRAY IT DOESNT HAPPEN. Accept Jesus now!
Our oil production down from 19 million a day to 11 million is the prime mover. Current Government hate yes hate of the oil industry compounds this. Also printing Trillions. as an older gentleman I’m in CD’s 5 % a year I’m good with this for you younger ones good luck prayers for you God bless.
The vast majority of those employing these tactics are reaping substantial profits; certainly, the dangers are greater, but isn't the ongoing business sector not also risky? Rather than long-term trading, it appears that temporary trading is the preferred approach for handling this downturn and high expansion.
This guy spread complete lies about Tesla. He and his investors lost billions following those lies. Predicting the next crash is as easy as repeating "it's coming soon". Yes it will tough over the next few years, we all already know this.
I've been following the markets since the Dow was below ONE THOUSAND…I remember when it broke ONE THOUSAND..I was predicting the 08 collapse in 05…I've owned a construction business since the late 80's. Construction is the best gauge of the economy…Construction spending went off a cliff well before the "pandemic" …The stock market is a fugazi because EVERY friday, thursday, 15th, 30th, bi weekly, etc The middle class gets robbed, WILLINGLY, when they donate part of their salary to their 401K etc. The market is propped up by the billions stolen on paydays, nationwide. The next "adjustment" "collapse" will be biblical..
Get your liquid out of everything, DO NOT BUY A HOUSE, unless it's a quick flip, Buy silver…Be ready to defend yourself with lethal force…Good luck to all. I hope I'm wrong…Sadly; that's never happened. :(…
Spiculation. 3 year he tall will be Crash. Spiculation
6:10 The reason people don’t have money saved to put into investments is because people ARE investing with that money. Everyone knows saving cash is taking a loss as it can be placed into investment vehicles that give bigger returns than a measly savings account.
Recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.
When is Burry not calling for crash? He's bound to be right some time. Even a broken clock is right twice a day.
natural gas at its 3 years lowest.
can we add on dips??
#BidenCanCollapsedaBrothel!