Michael ‘Big Short’ Burry Blasts “Unjustifiable” Lockdowns As “Most Devastating Economic Force In History”, by Tyler Durden

Looks like SLL isn’t the only one out there who thinks the coronavirus cure will be far worse than the disease. From Tyler Durden at zerohedge.com:

Infamous for his painful but ultimately profitable “big short” bet against mortgage-backed securities during the 2008 financial crisis, Michael Burry, the doctor-turned-hedge-fund-manager has been on a multi-day Twitter rant claiming that the lockdowns intended to contain the COVID-19 pandemic are worse than the disease itself.

Echoing the thoughts of many, Burry opined in a series of tweets over the past two weeks that the government-enforced lockdowns and business shutdowns across America may trigger one of the country’s deepest-ever economic contractions, and further still, are not necessary to contain the epidemic (on March 22nd).

COVID-19 policy cannot be settled by CYA politicians career ID docs. Too much hammer/nail and too little common sense. 

POTUS must reflect the interests of the working class and small business here – the economy cannot crash 30% to save the 0.2%.

Set America Free!

If COVID-19 testing were universal, the fatality rate would be less than 0.2%.

This is no justication for sweeping government policies, lacking any and all nuance, that destroy the lives, jobs, and businesses of the other 99.8%.

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One response to “Michael ‘Big Short’ Burry Blasts “Unjustifiable” Lockdowns As “Most Devastating Economic Force In History”, by Tyler Durden

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