MICHAEL BURRY: 2023 Brings The Biggest Opportunity Of Your Life – Know This And Invest Accordingly

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BURRY: 2023 Brings Biggest Opportunity Of Your Life – Know This And Invest Accordingly
Burry issued a raft of grim warnings and bleak predictions in 2022, and year was a bit tough for many. The Fed’s reaction to the 40 years of high inflation concussed the overall economy and equity market specifically. As the new year began, The ‘Big Short’ famed investor Dr. Burry appeared on Twitter with his dire prediction for 2023. While ringing the alarm on a market crash and recession, he has also revamped his stock portfolio.
With the beginning of the new year 2023, the customary flow of economic outlooks is in full swing. Many outlooks are looking for something to break in the economy, yet the most obviously broken thing is the economic outlook itself. Many institutions like Bank Of America and JP Morgan have also shown concerns over the economic outlook for the year 2023. BofA warns that the US economy will start to lose 175,000 jobs per month during Q1 of 2023, expects a ‘harder landing’ rather than a softer one
According to JP Morgan, “The U.S. could enter a mild recession by the end of next year as higher interest rates slow demand for goods, services, and the workers to produce them.”
Similarly, International Monetary Fund has also called the rising interest rates a major cause of a steep fall in the economic growth of the United States. According to IMF, the US economy drops from 6 percent in 2021 to a projected 1 percent in 2023.
A December 2022 survey of 38 economists by Bloomberg showed they saw a 70% chance for a recession next year and which is up from 65% in November 2022. They forecast that consumer spending, which makes up two-thirds of GDP, will barely increase by mid-this year.
Many corporate leaders including Michael Burry, Elon Musk, and Mark Zuckerberg have sounded the alarm on the US economy, as a toxic mixture of high inflation, surging interest rates, and slumping global growth threaten to cause a recession. Bank of America Chief Economist Michael Gapen also thinks the U.S. is headed for a recession in 2023. “It’s not baked in. It’s not for certain. We may be able to avoid it, but I would agree that the outlook by most people who sit in the position that I do think 2023 could be a difficult year for the U.S.,” he said
Maria Vassalou, the co-chief investment officer of multiasset solutions at Goldman Sachs Asset Management, also said, “We expect that the Fed will stay in restrictive policy for a while unless the effect on real GDP growth and unemployment becomes particularly severe and inflation has fallen close to target.”
Andy Jassy, Larry Fink, and Leon Cooperman also contributed to the cacophony of dire forecasts from CEOs, investors, analysts, and academics in the final weeks of 2022.
In November last year Jeff Bezos advised the people categorically that “My advice to people, small business owners is take some risks off the table. If you are going to make a purchase maybe slow down that purchase a little bit,”
“If you are an individual and you are thinking about buying a new large screen TV maybe slow that down keep that cash, see what happens. Same thing with a refrigerator, a new car whatever, let’s take some risks off the table.”
“If you are a small business maybe delay some capital purchases: do you need that new piece of equipment? Maybe it can wait a little bit, have some cash on hands; just a little bit of risk reduction could make the difference for that small business.”

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