this post was submitted on 18 Aug 2023
47 points (87.3% liked)

worldnews

4823 readers
1 users here now

Rules:

  1. Be civil. Disagreements happen, that does not give you the right to personally insult each other.

  2. No racism or bigotry.

  3. Posts from sources that aren't known to be incredibly biased for either side of the spectrum are preferred. If this is not an option, you may post from whatever source you have as long as it is relevant to this community.

  4. Post titles should be the same as the article title.

  5. No spam, self-promotion, or trolling.

Instance-wide rules always apply.

founded 1 year ago
MODERATORS
 

Michael Burry, who founded Scion Asset Management, appears to have placed a large proportion of the fund's assets at risk.

you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 2 points 1 year ago (1 children)

Don't think rich people should be able to bet against the economy

[โ€“] [email protected] 4 points 1 year ago

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.