Behold, a man who once sniffed out rot in the almighty American mortgage machine now peers into the abyss of our current economic canoe. Michael Burry, the Scion Asset Management voyager, brandishes a chart like a sorcerer’s wand, prophesying doom from Wells Fargo and Bloomberg’s arcane graphs.
This parchment, he claims, unveils a ghastly truth: American households now corral more wealth in stocks than in the comforting embrace of real estate. A spectacle last witnessed in the late 60s and 90s, eras synonymous with bear markets waltzing in for decades. “Interesting,” Burry muses, sarcasm dripping like honey from a spoon, “perhaps the stock market’s main premise is to leave no man standing.”
Burry, the modern-day Cassandra of finance, elaborates: “Zero interest rates, pandemic largesse, inflation hurricanes, and AI’s cryptocurrency carnival-stocks have triumphed over homeowners’ modest 50% gains. Why? Because Americans now trade stocks like Pokéballs and believe in ‘AI’ as if it’s the next Jesus, backed by trillions and a bipartisan yawn.”
On his recent Against the Rules podcast pilgrimage, Burry laments passive investing’s tyranny. “Fifty percent of portfolios are blob-like, slithering with index funds,” he sighs. “When the market collapses, it’s not just Nasdaq’s party crashing-it’s the entire feast burning down, thanks to a nation of gamblers who’d swap their homes for Dogecoin.”
With a grin as sharp as financial ruin, Burry declares: “Beware, dear citizens. The bear is licking its chops, and the menu includes your 401(k).” 🐻🔥
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2025-12-19 11:22