Michael Burry Says Additional Stimulus Risks Spurring Inflation

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The fund man­ag­er who famous­ly spot­ted the mort­gage cri­sis ahead of time — and invest­ed in GameStop
GME,
‑0.25%
long before the videogames retail­er became a world­wide sen­sa­tion — now says the U.S. gov­ern­ment is invit­ing infla­tion. Michael Bur­ry, who runs Scion Asset Man­age­ment and was pro­filed in Michael Lewis’ “The Big Short” book about the mort­gage cri­sis, tweet­ed over the week­end about his fear that prices will jump. Point­ing to last week’s data on U.S. retail sales and pur­chas­ing man­agers index­es, he said the tril­lions more plan­ning to be spent on stim­u­lus will boost demand as employ­ee and …

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