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Financial markets are headed for a “huge crash,” according to Mark Spitznagel.
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The bearish hedge fund manager told Intelligencer he thinks the US is in the biggest credit bubble in history.
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Bursting that bubble could “burn down the whole forest,” he warned.
One of Wall Street’s most pessimistic hedge fund managers is sounding the alarm for a coming market crash, as the US is in the midst of the “greatest credit bubble of human history.”
Mark Spitznagel, CIO of of Universa Investment, which counts “The Black Swan” author Nassim Taleb as an advisor, has previously warned for a market crash even worse than 1929. That crash is coming ever closer, thanks to the massive bubble in the US credit market, Spitznagel said in an interview with Intelligencer on Monday.
“We are in the greatest credit bubble of human history.” Spitznagel said. “It’s entirely because of…
