Michael Burry’s Reminder That After Every Over-Consumption, A Brutal Hangover Is Inevitable

Thursday, November 22, 2012
By Paul Martin

by Tyler Durden

On America’s day most famous for over-consumption, we thought a few minutes of reflection on the state of our world would be useful. Infamous for his prediction of the great recession, Europe’s demise, and the collapse of the US financial system (as well as profiting extremely handsomely from said predictions), so well captured in Michael Lewis’ book “The Big Short”, UCLA’s Dr. Michael Burry undertakes UCLA’s Economics Department’s commencement speech with much aplomb. In this “age of infinite distraction”, the astounding truthiness of this 15 minute speech is stunning from single-sentence summation of Europe’s convulsions that “when the entitled elect themselves, the party accelerates, and the brutal hangover is inevitable” he reminds us that Californians, and indeed all Americans, should take note. A quarter-of-an-hour well spent from a self-described ‘chicken-little’ who was “just trying to figure it all out”.

The Rest…HERE

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