Burry was right though? His prediction was that we were in an easy-money fueled asset bubble and we are indeed like 20% down off ATH in the total market, more i

Burry was right though? His prediction was that we were in an easy-money fueled asset bubble and we are indeed like 20% down off ATH in the total market, more in tech. The prediction is based on really simple macro too. Nothing is certain except death and timing a bubble pop/price correction is notoriously hard, especially when it’s based on discrete decisions by the Fed to raise interest rates/stop expanding the balance sheet. But it’s been clear for quite some time that the Fed would have to stop that eventually as stopping inflation became more important than stimulating the economy. I’d much sooner call the people who thought the loose monetary and fiscal policy of the 2010s (and especially during COVID) was a permanent fixture the fools.