>

Michael Burry Makes Big Bet on Inflation

Famed Investor Shifts Portfolio to Protect Against Rising Prices

Michael Burry, the hedge fund manager who famously predicted the 2008 financial crisis, is making a big bet on inflation.

Burry, who was portrayed in the book and movie “The Big Short,” has shifted more of his portfolio into gold, inflation-linked bonds, and other assets that are expected to perform well in an inflationary environment.

The move comes as the Federal Reserve has begun to raise interest rates in an effort to combat inflation, which has reached a 40-year high.

Burry's bet is based on his belief that the Fed will not be able to control inflation without causing a recession.

If Burry is correct, his portfolio could generate significant returns in the coming months and years.