Business Insider/Theron Mohamed/11-30-2022
“Michael Burry has sounded the recession alarm, warning the US economic downturn will probably last several years as he sees no way to end it early. ‘What strategy will pull us out of this real recession?’ he said in a now-deleted tweet on Tuesday. ‘What forces could pull us so? There are none. So we are really looking at an extended multi-year recession.’”
USAGOLD note: It’s the multi-year part that is cause for alarm…… Most Wall Streeters believe it will be short and shallow.
