Tazmanian@lemmy.world to worldnews@lemmy.worldEnglish · 11 months agoThe Big Short investor Michael Burry bets $1.6bn on stock market crashnews.sky.comexternal-linkmessage-square22fedilinkarrow-up156arrow-down17file-text
arrow-up149arrow-down1external-linkThe Big Short investor Michael Burry bets $1.6bn on stock market crashnews.sky.comTazmanian@lemmy.world to worldnews@lemmy.worldEnglish · 11 months agomessage-square22fedilinkfile-text
Michael Burry, who founded Scion Asset Management, appears to have placed a large proportion of the fund’s assets at risk.
minus-squarekitonthenet@kbin.sociallinkfedilinkarrow-up8arrow-down6·11 months agoDon’t think rich people should be able to bet against the economy
minus-squarejonne@infosec.publinkfedilinkEnglisharrow-up5arrow-down1·11 months agoIt’s not like his investment is going to cause the crash. And there is a small issue with his plan, which is that the US government is happy to just turn on the money cannon to prop up stock prices instead of letting it correct itself.
Why?
Don’t think rich people should be able to bet against the economy
It’s not like his investment is going to cause the crash. And there is a small issue with his plan, which is that the US government is happy to just turn on the money cannon to prop up stock prices instead of letting it correct itself.