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The US economy is prone to grapple with a recession in 2023 as well as another inflation spike, Michael Burry has said.

The investor of "The Big Short" fame, known for his often accurate predictions, issued the ominous forecast in a tweet posted Sunday.

"Inflation peaked. But it is not the last peak of this cycle," he said. "We are likely to see CPI lower, possibly negative in 2H 2023, and the US in recession by any definition."

He added: "Fed will cut and government will stimulate. And we will have another inflation spike. It's not hard."

Inflation skyrocketed to a 40-year high of 9.1% in June and stood at 7% in November, well above the US Federal Reserve's 2% target. The central bank reacted by raising its base interest rate from near-zero to more than 4% and has signaled it will peak above 5% in 2023.

Higher interest rates aim to cool down pressure on prices by discouraging spending, investing and hiring. Nonetheless, they can erode corporate profits and sap economic growth, leading to slumps in asset prices and, ultimately, recession.

Burry's view appears to be that inflation will cool and the economy will weaken in 2023, prompting the Fed to cut rates and the government to boost spending in an effort to spur growth — which, in turn, will drive up demand and rapid inflation to rise again.

Burry is best known for his billion-dollar wager against the mid-2000s housing bubble, which was immortalized in the book and movie "The Big Short." He also bet against Elon Musk's Tesla and Cathie Wood's flagship Ark Innovation fund last year and inadvertently laid the groundwork for the meme-stock craze by investing in GameStop before the stock skyrocketed at the start of 2021.

Moreover, the Scion chief last summer sounded the alarm on the "greatest speculative bubble of all time in all things," warning buyers of meme stocks and cryptocurrencies that they were barreling towards the "mother of all crashes."