According to famous investor Michael Burry, inflation in the US has peaked already.
However, this is not the last peak of this inflation cycle, the famous big short investor tweeted.
Michael Burry tweeted that we are likely to see CPI lower, possibly negative in the second half 2023.
According to Burry, the US will be in recession by any definition in 2H 2023. Though CPI rose 0.1% last month, 7.1% increase from a year ago.
Michael Burry has predicted that the Federal Reserve will cut the interest rates and the government will stimulate.
The US will have another inflation spike and we will have another inflation spike, Burry added. Lower CPI last month was an indication that inflation is cooling.
Michael Burry made billions of dollars in the 2007 financial crisis when shorted the entire housing mortgage industry.