Saturday, June 25, 2022
HomeBusinessMarketsThe Ghosts of the 2008 Financial Crisis Are Wandering the Markets

The Ghosts of the 2008 Financial Crisis Are Wandering the Markets

Are we about to relive the financial crash of 2008?

This question has been on people’s minds since a cryptic tweet on May 24 by iconic investor Michael Burry, known as one of the first to bet against subprime mortgages in the mid-2000s. Burry correctly predicted the collapse of the housing bubble. The hit movie ‘Big Short’, starring actor Christian Bale, chronicles his incredible bet against the tide of an exuberant market.

‘Plane crash’

“Like I said about 2008, it’s like watching a plane crash,” Burry said on Twitter on May 24. “It hurts, it’s not fun, and I’m not laughing.”

Do NOT follow this link or you will be banned from the site!