Michael Burry says FED will ease rate hikes

… he called the 2008 housing crash.

Michael Burry Of ‘The Big Short’ Fame Warns Fed May Alter Course
https://www.fa-mag.com/news/michael-burry-of–the-big-short-…

Michael Burry, the founder of Scion Asset Management who was made famous by Christian Bale in the movie “The Big Short,” suggested on Twitter that the “Bullwhip Effect” happening in the retail sector may lead to the Federal Reserve reversing rate increases and its Quantitative Tightening policy.

https://en.wikipedia.org/wiki/Bullwhip_effect

The bullwhip effect is a distribution channel phenomenon in which demand forecasts yield supply chain inefficiencies. It refers to increasing swings in inventory in response to shifts in consumer demand as one moves further up the supply chain. The concept first appeared in Jay Forrester’s Industrial Dynamics (1961)[1] and thus it is also known as the Forrester effect.

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