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Fortune
Fortune
Will Daniel

Hedge funder Michael Burry made famous in ‘The Big Short’ warns of an ‘extended multiyear recession’

Michael Burry, head of Scion Asset Management, poses for a portrait in Cupertino, California, U.S., on Monday, Sept. 6, 2010. (Credit: Tony Avelar—Bloomberg/Getty Images)

Michael Burry rose to fame after he predicted the 2008 U.S. housing crash and managed to net $100 million in personal profits, and another $700 million for his investors with a few lucrative, out-of-consensus bets.

Now, the Scion Asset Management chief is warning that economic forecasts for a “soft landing”—or even a “mild recession”—are overly optimistic.  

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