Warren Buffett may be bracing for a recession – and Michael Burry’s latest big short is a ‘good move,’ says top economist Steve Hanke

• Warren Buffett and Michael Burry may be expecting a market downturn and recession, Steve Hanke says.

• Berkshire Hathaway sold a net $8 billion of stocks and added to its cash pile in the second quarter.

• Burry’s Scion firm placed bets against the S&P 500 and Nasdaq-100 worth a notional $1.6 billion.

Warren Buffett and Michael Burry have rattled financial markets with bearish disclosures this month. Steve Hanke says the Berkshire Hathaway CEO and the…