The Fed is toast, and we’re in trouble

The market likes what the Fed said. How long will that last?

In case you haven’t been paying attention, the Fed just told us they would be raising interest rates 75 basis points with a hint of cooling off with the aggressive rate hikes. The market has reacted positively to the news. Meanwhile, Michael Burry is still saying we are all in trouble.

What should we do if the most famous investor in the world is telling us we’re screwed? Does Joe Biden need to make another Inflation Package? Or should we start sending money to Ukraine again? Let’s explore what Michael Burry is saying and what it could mean for the future. And let’s meet the men of the recession.

Michael Burry rose to prominence after he bet against subprime mortgages in the 2000s, profiting handsomely when the housing market collapsed. He was portrayed by Christian Bale in The Big Short.

Now he’s saying that the Fed is screwing us all over again. On February 25th, he tweeted “The Dot Com Bubble, The Housing Bubble, and now The Everything Bubble will end badly for many.”

He’s not wrong. The Fed has been pumping money into the economy for years now, and inflation is rearing its ugly head. Prices on everything from food to rent have been increasing while wages have remained relatively stagnant.

Today the markets were up, and the Fed hinted that we might be successful with the rate hikes. Jerome Powell is the mastermind behind this recession. His partner in crime is none other than President Joe Biden. Joe has done his best to downplay this economic crisis in hopes keeps Democrats in office.

Biden has a playbook that includes sending money to Ukraine and Volodymyr Zelenskyy. His other move is to drain the oil reserves. Between Jerome Powell, Volodymyr Zelenskyy, and Joe Biden, our economy is in great hands. Michael Burry may be seeing these moves and overreacting. (or maybe he is right? )

It seems like right now, the only way out of this mess is for the Fed to raise interest rates and let the market correct itself. Maybe in an idiot way, Biden sending all the money to Ukraine will help. Regardless every day, Americans are going to lose. Expect blood in the water until at least 2024.

Michael Burry is one of the most famous investors in the world for a reason. He called the dot com bubble the housing bubble, and now he’s warning us about the everything bubble. Maybe we must take his warnings seriously and start taking action to protect ourselves. We don’t want to be a nation of bag holders.