Michael Burry and Elon Musk
Michael Burry and Elon Musk.
  • Elon Musk, Michael Burry, and Jeremy Grantham foresee potential pain for stocks and the economy.
  • "Black Swan" specialists Nassim Taleb and Mark Spitznagel also see a tough road ahead for investors.
  • Rising interest rates are exerting pressure on US asset prices and the economy.

Elon Musk, Michael Burry, and Jeremy Grantham are bracing for stocks to tumble and the US economy to slump into recession.

"The Black Swan" author Nassim Taleb and Universa Investments' Mark Spitznagel, who specialize in protecting portfolios against unpredictable events with extreme impacts, also expect asset prices to plummet and a painful downturn to take hold.