This man sees the future.
He predicted:
1) Dot-com Bubble (2000)
2) Great Recession (2008)
3) The COVID Bubble (2021)
Here is Howard Marks' latest warning: 🧵
🇺🇸 USA debt: $32.8 trillion
🇺🇸 USA GDP: $26.85 trillion
🇬🇧 UK debt: $3.28 trillion
🇬🇧 UK GDP: $3.16 trillion
🇷🇺 Russia debt: $288 billion
🇷🇺 Russia GDP: $2.06 trillion
BREAKING: The average interest rate on a 30-year mortgage rises to its highest since 2003, at 7.4%.
2 years ago, buying a $500,000 home with 20% down meant you paid $207,000 in interest over a 30-year mortgage.
Now, buying that same home means you pay $600,000 in interest over a 30-year mortgage.
In many states, mortgage rates are already above 8%.
Housing affordability just hit a new low.
BREAKING 🚨:
Michael Burry just shorted the market with $1.6B
Bought $890M of $SPY Puts
Bought $740M of $QQQ Puts
This now makes up 93% of his entire portfolio
Look out below.