Michael Burry (known from The Big Short) is currently predicting a huge stock market crash for 2022. In fact he's predicting a crash on the scale of the dot com bubble and the Great Recession of 2008. In this video, we examine his latest tweets about the U.S. economy, the Fed's loose monetary policy, the looming consumer recession and just how bad the stock market could get.
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★ ★ CONTENTS ★ ★
0:00 How Burry Predicted The Housing Crisis
1:41 Burry Predicts the Inflation Crisis in 2021
3:03 Burry Predicts a Market Collapse
5:47 The Selling Hasn't Even Started
7:06 Learning from History
8:15 A Consumer Recession
10:30 Summary
DISCLAIMER:
Neither New Money or Brandon van der Kolk are financial advisers. The information provided in this video is for general information only and should not be taken as professional advice. There are risks involved with stock market investing and consumers should not act upon the content or information found here without first seeking advice from an accountant, financial planner, lawyer or other professional. Consumers should always research companies individually and define a strategy before making decisions. Brandon van der Kolk and New Money are not liable for any loss incurred, arising from the use of, or reliance on, the information provided by this video.
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Thanks for watching guys! Much appreciated!
Great video! Have subscribed but I noticed that the s’s on your audio is a bit distracting. I could help you if you need the help
540k subscribers!
Well done mate. I remember when you were on your old channel, thinking this guy has it.
Suffice to say you’ve outdone even my expectations!
Well done 👍
Great summary
Burry is on the berry.
Glad to see a man from Adelaide
Only an economist or a Fed chairman could possibly believe that you can print trillions of dollars with no negative side effects. Someone that took my high school macroeconomics class could have seen this inflation coming.
Funny enough, I think most of this inflation comes from external sources. One is that China, that has been causing a lot of global deflationary pressure by providing cheap goods to people, has finally run it’s course and is becoming too expensive in labour cost for cheap manufacture, the rise in their labour cost in the last few years has been a lot larger than any productivity increase. The other is the disruption of the supply chains through various events including covid, Russia’s invasion of Ukraine, etc. The 20s are going to be interesting in a bad way.
@Rorty S. Kierkegaard And government just makes everything worse. Yes booms and busts are normal in the free market but Socialists would rather see the economy and wealth decline in a straight line than have it go up over an uneven path…
@felipaorfr The only reason this is because the USD is the world’s reserve fiat. No matter how much money we print everybody in the world is at our mercy. We can get away with it along as USD is still the worlds traded legal tender currency & reserve for other
Love your channel. Well balanced, insightful, beautifully edited. Keep it up.
Just a pity about the Port Power jacket. I was loving the into then when I saw that my ability to take anything seriously after that diminished substantially.
well said brotha
Really appreciated this video, especially your balanced presentation. Wishing you continued success.
People sell when they’re economically in bad shape. Panic and sell to pay for daily items such as gas and food bill etc… Burry is spot on here
@EyeInTheSky34 No they will have to sell when margin calls happen. They will sell when earnings dont meet expectations. You know who holds? Pension funds and 401k holds. They, as always, we be left holding the bag.
Who do you think is buying in all these dead cat bounces.
@worn down I’m not even sure where you are trying to go with this.
@EyeInTheSky34 you asked if people are selling stocks to buy food and gas. No. But the big guys have to sell to meet margin calls. The little guy can’t shove as much in his 401k. All this adds up.
If you don’t understand, that’s fine. Just make sure you get out of the wY or you will get crushed.
@Glenn Korbel Spot on mate
Burry was right in 2008 but being right one time doesn’t mean much for the future. It also gives him some added confidence that is totally unwarranted. Nobody can call the market it’s already been proven. Stick to the basics and hold long unless you have margin then trim on each pop.
@C the market would most likely stop crashing as soon as most people think it’s going to crash further.
@fallenangelandroid well people have just started talking about it in whisper so we are still in for a ride
Ahh you bought the dip huh
@Michael Que Cera No I’ve been investing as my main job for 15 years. Thank you. Buying shares on the way down is also a great idea for someone who’s so heavily invested for so long. Adding incrementally while it drops and trimming as it rises. Pretty standard.
Michael Bury’s current portfolio value is $165.4 million. He bought 8000 google shares at $2348 in the first quarter 2022 and 80000 Facebook shares with $17.8$ million value. If he knows the market crash is coming , why did he buy these shares? He is down more than 25% already like everybody else.
interesting. i didn’t know that. I hate hypocrisy, so i appreciate the insight
He has explained this last year and was explained in another video here on youtube. He feels that these companies will survive what’s coming, and he had an explanation as to why.
He may have bought these shares to short them.
@Rahul Pundir that’s not how it works
@Rahul Pundir you don’t buy shares you’re going to short.
So well researched and explained 👏 I think there’s no reason for Burry to be wrong, he’s got the historical stats and track record, much higher probability that he’s right than he’s wrong.
Even if it’s him, nobody is perfect. If he is wrong you have none to blame but yourself… Don’t trust words, read the documents. Nobody does that. Everyone is influenced by videos.
Again try to read the financial statements and docs from corporations… nobody does that.
so how to make monney out of this like he did?
Very nice video again. I do agree with Michael Burry on the part that the money printed into the market had a huge impact on inflation and the peak in consumer spending, paired with the supply-chain issues that accompany it. I do think there were mitigating factors though and the world economy was robust, right up to the point the Ukraine war started and China went into long and multiple lockdowns. Therefore naming the money printing as the most important factor for the current situations seems only partly correct.
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I may be wrong, but things like Ukraine and China are things that will happen forever and always. The printing of money is something that can be controlled. So the large printing of money under an assumption of no disruptive world events forever into the future seems to be really where the blame sits. Bad assumptions fall on the shoulders of those who acted under those assumptions.
None of this matters if you’re a long term investor, as you can see with every single chart listed everything always recovers, stop worrying unless you’re over invested
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It does matter over time… If you’re a long-term investor close to retirement, you need to ask yourself if you can stand the 10-30 year recovery.
@kempnerboy07 if you’re close to retirement you should be on the safe side of all investments already
Very useful video. Well researched and explained! Michael is a guy to keep an eye on. He is one of the few people in this trade who can really connect all dots and thus predict the future pretty accurately.
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All that printed money was given to corporations which they bought their own stocks with pushing up the price. Now that it’s a crash that money has disappeared. It’s been gambled away. Now we’re left with debt and the corporations are left with worthless stock. Lose lose
Well, no. That money is somewhere, it doesn’t disappear
Good video! Can you do one how ‘historically’ this affects dividends? As one who lives (?) on dividends. Thanks 😊
The amazing thing is this man did all these readings and came up with predictions using just 1 eye. He has a better sight than the whole Wallstreet and other so called guru investors
Can’t help but draw a parallel to the myth of Odin sacrificing an eye for a drink of wisdom from Mimir’s well
Well, he is always shorting the market, of course he is giving this kind of prediction all the time, but if you pay attention, his prediction during the pandemic is wrong in general.
Yep, if you followed his advice you would of lost your shirt.
Honest question and not a dig at Burry… he was right in 2007. When else has he nailed it like that? A quick search and I see 10 or more examples of when he was wrong.
If you come on the internet on a weekly basis and say the market will crash, eventually you’ll be right…and then delete all the other times you were wrong, and you’ll look like a genius 😀
@Archemity That’s the meaning of the “broken clock” tweet by Musk (even a broken clock gets the time right twice a day)
@Andrea Giordano it’s Elon’s business to build confidence. Everyone has an angle
@Archemity do you have $100,000,000 to bet against the market? He did and now does…
I would add a thing though, especially comparing Amazons revenue increase comparison from last year to this year. Last year was an anomaly as we were all locked in and people were buying pretty much everything online. Now they are back spending that money in stores. I’m not saying that Burry is wrong in predicting a crash but comparing last year to this is just impossible as the covid lock downs were a historical outlier.
Well he was talking about a crash since like every year..So he is correct this time.
I partially agree and after revised earnings estimates starting next month I would probably suggest further downside but to put the s and p below the covid low especially when employment is still unbelievably good I can’t agree, just need the Russian war or China to reopen properly and I can see things improving, having said that s and p around 3000-3200 wouldn’t be a surprise in the short term
Predicting the market is easy, but getting your timing right – well that is a complete art. When bond yields were negative it was easy to say that eventually they be positive, that’s really not much of a prediction, the question is when and then you actually have something you can use