This Michael Burry guy will never be a billionaire. He now has a...

This Michael Burry guy will never be a billionaire.
He now has a net worth of 300 million.
He thinks interest rates will go up?
They can't.
He thinks the markets are in a bubble?
In a way they are, but it has more to do with all the stimulus and increase in the World money supply, than it has to do with frothy enthusiasm.
Interest rates can never return to previous levels.
This is a chart of Japan's interest rates since the 80's and is a road map for all World central banks with interest rates below 3%.

Once you go as low as Central banks have gone to stimulate, there is no coming back and interest rates cease being a tool to regulate the economy.
All they have then is words "We are going to raise rates" or more stimulus.
Any significant raising of real interest rates, even as little as 1%, would bankrupt World nations as everything has been built on cheap easy currency.

These are the 5 year charts for both the Dow Jones and the Nasdaq.
Apart from the fact that they will always do well, as rebalancing removes underperforming companies and adds performing ones over time, the point of increased money supply from Covid19 stimulus, can be clearly seen in a sharpening of the chart ascent.


The whole fiat money system is basically broken, but they have no choice but to run with it.

Shorters like Michael Burry, despite their current riches, are as smart as the people shorting Brainchip.

My opinions only, obviously I'm not an "economist"..