‘Big Short’ Michael Burry Awakens Ghosts of the 2008 Financial Crisis

Are we about to relive the financial crash of 2008?

The question is begining to cross people’s minds since a cryptic tweet on May 24 from iconic investor Michael Burry, known to be one of the first to bet against the subprime mortgages in the mid-2000s. Burry accurately predicted the collapse of the housing bubble. The hit movie’Big Short’, where his role is played by actor Christian Bale, depicts his incredible bet against the tide of a euphoric market.

‘Plane Crash’

“As I said about 2008, it is like watching a plane crash,” Burry posted on Twitter on May 24. “It hurts, it is not fun, and I’m not smiling.”