MarketsInsider/Shalini Nagarajan/3-10-2022
“Burry flagged inflation as early as April 2020, when the COVID-19 pandemic was still in its early stages, and warned the situation could rival America’s inflationary crisis in the 1970s. His prediction was proved right multiple times, as inflation gauges in the last two years have repeatedly hit decade-highs.”
USAGOLD note: It is difficult to separate gold from the 1970s stagflationary analysis. It was the top performer during the period while stocks languished. There is no guarantee history will repeat at this juncture, but gold’s rise in concert with stagflationary concerns over the past six months is worth noting. One wonders if Burry’s ‘Big Short’ has morphed to a ‘Big Long’ ??
