‘Worse Than 2008’: ‘Big Short’ Investor Michael Burry Says Current Economic Downturn Could Top Great Recession

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At a glance

  • Famed investor Michael Burry delivered his most dire warning about the current US economy late Thursday.
  • Burry, the boss of Scion Asset Management, noted that one of his market analysts said his comments were “spooky” because he voiced his concerns on Sept. 29.
  • The Dow had plummeted nearly 500 points before Burry’s tweet and has pared more than 20 percent from its high of almost 37,000 — putting it into the bear market territory.

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