No plan to get out of this "Real Recession," Says Michael Burry

Arrow

Michael Burry, a well-known investor, and hedge fund manager, has asserted that the economy is already in a recession and questioned the most effective approach to combat the slump.

Burry claimed (now-deleted tweet from November 30) that there is no practical plan to deal with the economic slowdown while warning of an "extended multi-year recession."

The American investor stated that gold appears suitable due to the recent cryptocurrency crash, including the fallout from the FTX exchange collapse