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Michael Burry Sees Inflation Sticking Around as Geopolitical Turmoil Drives US Manufacturing

Investor made famous by ‘The Big Short’ predicts a retrenchment of globalization due to ongoing tensions in Europe and Asia. 

Michael Burry
Michael BurryPhotographer: Dimitrios Kambouris/Getty Images North America

Michael Burry sees higher prices sticking around as geopolitical turmoil combines with blue collar labor shortages to “raise long-term inflation’s floor.”

The founder of Scion Asset Management, whose bet against the housing market before the 2008 financial crisis was immortalized in “The Big Short,” said in a tweet Tuesday that global supply chain restructuring will keep prices elevated. He also posted a link to a Bloomberg story detailing a boom in US factory development.