Michael Burry

US inflation will rise substantially as the economy reopens from COVID with more stimulus (inferred window: about two years, to Feb 2023).

“Prepare for #inflation”

Said on

18 February 2021 · Post on Twitter (deleted shortly after), continuing: "Re-opening & stimulus on the way. Pre-COVID it took $3 debt to create $1 GDP, and it is worse now." Posted the night before Decrypt's Feb 19, 2021 report. No window given; read as about two years.

Source

Michael Burry of 'Big Short' Fame: Governments Will 'Move to Squash' Bitcoin · Decrypt

Should come true

2023

How sure they sounded

imperative ("Prepare for"); stated as fact

Categories

Economy

Importance

3 of 5 · A surge in US inflation affects the whole US economy, Fed policy and global markets.

Outcome

Accurate Happened 30 June 2022.

US CPI inflation was 1.7% year over year in February 2021; it rose through 2021 and peaked at 9.1% in June 2022, a 40-year high, as reopening and stimulus boosted demand. That falls within the inferred two-year window.

Evidence:

• https://www.bls.gov/news.release/archives/cpi_07132022.htm
• https://www.bls.gov/opub/ted/2023/consumer-price-index-2022-in-review.htm