Michael Burry of ‘The Big Short’ fame thinks the market selloff may be ‘halfway there’

Michael Burry of ‘The Big Short’ fame thinks the market selloff may be ‘halfway there’

Blink and you’ll miss market-missive tweets doled out sparingly from Michael Burry, the investor who rose to fame after correctly predicting the collapse of the US market. In his latest now-you-see-it-now-you-don’t tweet, the founder of Scion Asset Management appeared to be flagging that markets may be halfway through the recent selloff, following a bleak first … Read more

With Markets in Disarray, International Investors Are Stockpiling US Dollars

With Markets in Disarray, International Investors Are Stockpiling US Dollars

Foreign investors selling stocks and bonds are hoarding the US dollar as market volatility picks up. Typically investors repatriate cash into their local currency, but not this time. US capital flow data show the foreign cash pile of dollars is close to records as investors reduce risky assets in portfolios and hang on to the … Read more

Fed’s Bullard says US economy should continue to grow in coming quarters

Fed’s Bullard says US economy should continue to grow in coming quarters

The US economy should continue to grow in the coming several months, said St. Louis Fed President James Bullard on Monday, playing down fear of a severe recession that some economists and market pros view as inevitable in the face of the central bank’s war against too-hot inflation. “On GDP growth, I think that the … Read more