About the two lenses
SHORT RADAR views the market through two independent crisis lenses — a US perspective and a European one. Here you'll learn what each lens measures.
Michael Burry
US investor and founder of Scion Asset Management. He rose to prominence by recognizing the 2008 financial crisis early and making billions betting against the mortgage market — dramatized in "The Big Short." His approach: sober analysis of fundamentals, against the crowd.
The Burry lens measures systemic crisis pressure in the US markets: banks, commercial real estate (CRE), private credit, high yield, VIX, yield curve, credit spreads and more — combined into the Burry Score (0–100).
European Systemic Crisis Lens
A European-oriented crisis perspective in the tradition of the Austrian School and hard-money economics. Core thesis: high sovereign debt and years of low interest rates keep unprofitable companies alive; when rates turn, credit defaults, banking stress, deindustrialization, stagflation and a weaker euro loom — tangible assets and gold are seen as protection.
The EU lens measures crisis pressure in Europe/Germany: sovereign bond spreads (Bund/France/Italy), EU banks, German industry/autos, real estate, stagflation/energy, EUR weakness and demand for gold — in the EU Score (0–100).
How do the scores work?
Both scores run from 0 (calm) to 100 (acute crisis). They are made up of several weighted components (e.g. credit spreads, sector drawdowns, volatility). As a score rises, crisis pressure grows — and with it the opportunity for short positions. On the "Burry vs. EU lens" page you can see both side by side, with their components and what each lens would currently suggest. In the sandbox portfolio you can replay this risk-free with virtual money.
We disclose all components, weights and data sources on the methodology page.