'Big Short' investor Michael Burry says the dollar isn't strong

'Big Short' investor Michael Burry says the dollar isn't strong

'Big Short' investor Michael Burry says the dollar isn't strong at all — and inflation is eroding the US currency's buying power The currency has only gained versus rivals, and inflation is eroding its buying power, Burry said. The investor expects rising prices to threaten consumer spending and corporate profits. He argued the currency is only strong on a relative basis, and rampant inflation is eroding its purchasing power. "When you see mention of the strong dollar, the almighty dollar, please remember this is only in relation to other fiat currencies," he said. Burry warned the pandemic could fuel inflation as early as April 2020, and suggested in April this year that rising costs will lower companies' profit margins and reduce their valuations.

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