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Michael Burry on Bubbles

by Larry Chiang on February 23, 2021

Powell on #inflation: nothing to see here. Central banks learned how to keep it under control decades ago (by directing money creation into asset/securities markets, protecting CPI/PPI). Overconfidence is a key precondition, however. So is ignorance. #bubbles


 
 
Cassandra
⁦‪@michaeljburry‬⁩
Powell on #inflation: nothing to see here. Central banks learned how to keep it under control decades ago (by directing money creation into asset/securities markets, protecting CPI/PPI). Overconfidence is a key precondition, however. So is ignorance. #bubbles pic.twitter.com/mlkoyfAGWC
 
2/23/21, 11:12 AM
 
 

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