{"id":7994,"date":"2020-04-19T11:06:49","date_gmt":"2020-04-19T17:06:49","guid":{"rendered":"https:\/\/www.zmetro.com\/?p=7994"},"modified":"2020-04-19T11:06:50","modified_gmt":"2020-04-19T17:06:50","slug":"michael-burry-of-the-big-short-slams-virus-lockdowns-in-tweetstorm","status":"publish","type":"post","link":"https:\/\/www.zmetro.com\/?p=7994","title":{"rendered":"Michael Burry of \u2018The Big Short\u2019 Slams Virus Lockdowns in Tweetstorm"},"content":{"rendered":"

Reed Stevenson<\/a>:<\/p>\n

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Michael Burry, the doctor-turned-investor who famously bet against mortgage securities before the 2008 financial crisis, has taken to Twitter with a controversial message: lockdowns intended to contain the coronavirus pandemic are worse than the disease itself.<\/p><\/blockquote>\n

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Government-directed shutdowns in the U.S., which led to millions of job losses and may trigger one of the country\u2019s deepest-ever economic contractions<\/a>, aren\u2019t necessary to contain the epidemic and have disproportionately hurt low-income families and minorities, Burry argued in a series of tweets over the past two weeks. He also said some <\/span>controversial treatments<\/a> <\/span>for Covid-19, such as the malaria drug hydroxycloroquine, should be made more widely available.<\/p><\/blockquote>\n

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Burry earned his M.D. at the Vanderbilt University School of Medicine, but decided to become a professional investor after making hugely profitable bets in the stock market. He shot to fame after his hedge fund\u2019s bearish mortgage wagers were chronicled in \u201cThe Big Short,\u201d an Oscar-winning movie based on the best-selling book by Michael Lewis.<\/p><\/blockquote>\n

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Although Burry has mostly kept a low profile since then, he started sharing his <\/span>views more widely<\/a> <\/span>last year to warn of a central-bank fueled \u201cbubble\u201d in passive investment products. He\u2019s now focusing on the outbreak that has shuttered economies, killed almost 75,000 people worldwide and changed how millions of people live and work.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Reed Stevenson: Michael Burry, the doctor-turned-investor who famously bet against mortgage securities before the 2008 financial crisis, has taken to Twitter with a controversial message: lockdowns intended to contain the coronavirus pandemic are worse than the disease itself. Government-directed shutdowns in the U.S., which led to millions of job losses and may trigger one of the country\u2019s deepest-ever economic contractions, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/7994"}],"collection":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7994"}],"version-history":[{"count":1,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/7994\/revisions"}],"predecessor-version":[{"id":7995,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/7994\/revisions\/7995"}],"wp:attachment":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}