'Big Short' Investor Michael Burry Warns of Looming Consumer Recession - Markets Insider

People are saving less, borrowing more, and have spent their pandemic savings, threatening consumer spending and company profits, Burry said.

Americans are saving less, borrowing more, and have spent the extra money they stashed away during the pandemic. Those trends could herald a sustained decline in consumer spending, and erode corporat… [+2131 chars]

full article...