The market is headed for a 'tinderbox-timebomb' that will be worse than the 1929 crash, per Mark Spitznagel

2/3/2023

"It is objectively the greatest tinderbox-timebomb in financial history – greater than the late 1920s, and likely with similar market consequences," Mark Spitznagel has said.

He stated that there's a "credit bubble" that will burst "sparking catastrophic market failure."

"The correction that was once natural and healthy has instead become a contagious inferno capable of destroying the system entirely," Spitznagel added, predicting a "slowcession," would occur. "The world is just too levered today, the debt construct just too big," he stated.

Spitznagel added that Universa was shorting the S&P 500, and the fund would gain 402% if the index dropped 10% in a month,

Note: initially BI, who UW quoted, had attributed the quote in part to Nassim Taleb. Nassim Taleb has stated: Correction: says Mark Spitznagel, not me. (not that I disagree). Please correct. Thanks.

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