Renowned investor and hedge fund manager, Michael Burry, commonly known as “The Big Short,” has suggested that the economy is already in a recession while questioning the best strategy to tackle the downturn. According to Burry, there is no tangible strategy to navigate the economic slowdown while cautioning of an ‘extended multi-year recession’, he wrote in a now-deleted November 30 tweet. 

In general, over the recent months, Burry has remained bearish on the market, hinting that the stock market crash might be underway.  This is after the cryptocurrency market embarked on a bull run, with most assets registering record highs. 

“When crypto falls from trillions, or meme stocks fall from tens of billions, #MainStreet losses will approach the size of countries,” he said.