2023 Might See 2008 like Financial Crash - Michael Burry

Legendary investor and hedge fund manager Michael Burry tweeted on March 12 about the dire status of the financial world.

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Burry has a track record of correctly predicting events in the financial markets, such as the global financial crisis of 2008.

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He criticized Silicon Valley Bank's (SBV) executives for their carelessness, saying that people with big egos and a desire for riches have historically taken risky actions that have resulted in disaster.

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As examples of these failures, Burry cited the dot-com bubble in 2000, the mortgage crisis in 2008, and the current situation in 2023.

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He added that when these mistakes happen, governments frequently turn to money printing more, a strategy he believes has been overdone "because it works so well."

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