Zhong Guo Ji Jin Bao·2025-12-17 09:24Group 1 - Michael Burry, known for predicting the 2008 financial crisis, has issued a serious warning about the U.S. stock market, highlighting that household stock wealth has recently surpassed real estate wealth, a phenomenon last seen in the late 1960s and late 1990s, which preceded prolonged bear markets [1] - Burry criticized the Federal Reserve's recent decision to halt the reduction of its balance sheet and prepare to purchase approximately $35 billion to $45 billion in government bonds monthly, suggesting that this indicates a fragile banking system reliant on the Fed's support [4] - Burry's commentary includes skepticism towards major tech companies, expressing bearish views on Tesla, Nvidia, Palantir, and OpenAI, and suggesting that OpenAI is destined to fail despite significant funding [7] Group 2 - Burry's warnings have sparked mixed reactions online, with some agreeing that a bear market is imminent, while others question the validity of his analysis, citing the popularity of index investing and the simplicity of the metrics used [4] - The dynamics of the Federal Reserve's actions, according to Burry, may lead to the complete nationalization of the U.S. bond market, with the Fed potentially owning all $40 trillion of U.S. debt, which he views as a sign of weakness rather than strength [4] - Burry has recently launched a paid newsletter titled "Cassandra Unchained," promising more direct and unfiltered analysis, following the closure of his hedge fund [7]