Michael Burry Blasts Fed, SEC Over Most Speculative, Overvalued, Geopolitically-Challenged Market In Decades
- More speculation than the 1920s.
- More overvaluation than the 1990s.
- More geopolitical and economic strife than the 1970s.
And who is to blame as this shitshow continues:
"Players grabbing the barrel of Kyle Rittenhouse's rifle while The SEC and Federal Reserve nod approvingly."
The infamous housing bubble spotter was not done yet, taking aim at the bubbly nature of everything Wall Street, while Main Street suffers under the 'tax' of inflation:
"American real wages - adjusted for inflation - are down 2.2% since Jan 1.
Seems the ONLY truly meaningful thing that’s down this manic, manic year.
Inflation is a massively regressive tax. Never forget it."
American real wages - adjusted for inflation - are down 2.2% since Jan 1. Seems the ONLY truly meaningful thing that’s down this manic, manic year. Inflation is a massively regressive tax. Never forget it. pic.twitter.com/tsHRoRuh1Z
— Cassandra (@michaeljburry) November 12, 2021
Burry has been vocal about warning about our current stock market bubble.
"People say I didn't warn last time. I did, but no one listened. So I warn this time. And still, no one listens. But I will have proof I warned," he Tweeted about markets about a year ago.
He also commented on Tesla golden child Cathie Wood, earlier in the year, Tweeting:
"It is too early, she is too hot, and, today, short sellers are timid, but Wall Street will be ruthless in the end."
zerohedge.com |
