The short version

Michael Burry predicted on November 29, 2022: “What strategy will pull us out of this real recession? What forces could pull us so? There are none. So we are really looking at an extended multiyear recession.” Verdict: Partially right. While the US did experience a brief recession (two quarters of negative GDP), it was shallow and short-lived, with GDP growth…

Prediction by

Michael Burry

On November 29, 2022

“What strategy will pull us out of this real recession? What forces could pull us so? There are none. So we are really looking at an extended multiyear recession.”

Follow-up

While the US did experience a brief recession (two quarters of negative GDP), it was shallow and short-lived, with GDP growth resuming, contrary to the 'extended multiyear' prediction.

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