by Michael Snyder
The Economic Collapse Blog
Would you be willing to bet a billion dollars that stock prices are going to collapse? Needless to say, only an extremely small fraction of the population has that much money. And once you have accumulated a billion dollars, one would think that you would be extremely determined to protect it. But that is not what Michael Burry is doing. During the financial crisis of 2008, his massive bets against the housing market made him incredibly rich, and now he is making another “big short”. According to CNN, Burry has bet over 1.6 billion dollars that the stock market is going to crash…
Michael Burry, the “Big Short” investor who became famous for correctly predicting the epic collapse of the housing market in 2008, has bet more than $1.6 billion on a Wall Street crash.