While Europe’s energy crisis is expected to continue not only in the winter of 2022, but also in 2023 and beyond, experts predict that the EU will enter a natural gas-driven recession next year. Recession predictions are also increasing in the USA, which is not dependent on Russian gas and oil. Evaluating the picture and knowing the 2008 crisis, US investor Michael Burry spoke pessimistically. Burry said the bottom has not yet been seen in the markets.
While the energy crisis in Europe, which started with the invasion war launched by Russia against Ukraine, is expected to continue not only in the winter of 2022, but also in 2023 and beyond, experts predict that the EU will enter a natural gas-based recession next year. Recession predictions are also increasing in the USA, which is not dependent on Russian gas and oil.
Finally, economics professor at Johns Hopkins University, Steve Hanke, predicted that the US economy would enter recession in 2023 and emphasized that the culprit was the FED itself. Due to this picture, the latest hawk messages from the FED and the European Central Bank (ECB) make global investors more anxious, who expect a U-turn from the centers due to the recession.
THE 2008 HOUSING CRISIS WAS KNOWN BY KNOWING
US investor Michael Burry, who became a symbol by predicting the economic crisis in 2008, stated that the movements seen in the markets this year are similar to the 2000 and 2008 periods. According to Diken, Burry is of the opinion that the bottom has not yet been seen in the stock markets.
Citing two recently closed exchange-traded funds on Twitter, Burry, in a separate post, linked this year’s movements to 2000 and 2008, noting the collapse in cryptocurrencies, ‘meme’ shares.