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

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.