Past Recessions and Fraud Rates
Increasing rates of fraud, scams and similar misconduct can serve as a warning sign of a recession like Burry saw with the Great Recession — and they can even indicate we’re already in a recession. In May 2009, before the end of the Great Recession, TIME reported, “the number of whistle-blowers reporting fraud, theft or the misuse of company assets” was rapidly increasing.
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