Well, Michael Burry is correct. In June, the US Personal Savings Rate YoY clocked-in at -44.9%. But the personal savings rate YoY has been negative since April 2021. Add to that the miserable REAL Average Weekly Earnings YoY on Americans and we have a serious problem.
Note that M2 Money growth YoY has declined as the Federal stimulus evaporates.
So yes, Michael Burry is correct.