Mr. Big Short Issues a Dire Warning About the Economy

In the current recent euphoria of the markets, Michael Burry must appear as a killjoy.

Moreover, he chose as “Cassandra B.C.” as a handle in the microblogging website Twitter. This suggests that it does not bother him to be often against the current of the general trend if in the end he ends up being right. 

The main financial indices closed on Aug. 12 for a fourth consecutive week in the green. The S&P 500, the benchmark index, rose 134.96 points, or 3.3% for the week. The Dow Jones was up 957.58 points, or 2.9%, while the Nasdaq gained 389.63 points, or 3.1%.

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