One of Wall Street's biggest bears says a 'huge crash' is coming as markets are in the biggest credit bubble in history
Low rates inflated the biggest credit bubble in history and it could "burn down the whole forest" if it bursts, the hedge fund manager Mark Spitznagel said.
They have been saying this for almost two years.
I have been waiting for that to happen since about 2011.
Did you miss the 40% drop in the market in March 2020? The buys I made then have paid off in spades
Yeah, by the time I saw it I had little choice but to wait to ride it back up.
Yer, they prevented it using events such as the pandemic, ramped up wars and started 3 new ones. Few people in the buisness world have said to me for the past year that end of Jan start of Feb does not look good.
Finally? I've lost an annoying amount on puts that kept expiring when the big crash got delayed yet another year. Credit Suisse was the only one I got lucky on.
It'll pull back significantly in 2024 if not at least for political/election campaign season drama
Biden's economy is in fine shape.
Hedge fund manager, Mark Spitznagel says he thought the US was in the biggest credit bubble in history. Bursting that bubble could "burn down the whole forest."
Never trust a hedge fund manager who mixes his metaphors.
He is a big bear so it's understandable the forest made its way in there
So do you park cash until the crash happens, and then buy back in?
YES
Parking cash means selling off assets, creating cap gains tax, yes?
I have a feeling there will be a new market created using blockchain and other stuff to ensure no fuckery can happen again by these hedge fund criminals
The SEC is unfortunately banning every viable crypto exchange in the US and making it increasingly difficult to trade. There is still Coinbase and Kraken, but the SEC can literally wake up tomorrow and shut them down in the US.
If it was a Bull saying this then that would be news.
Stack that silver and gold boys and girls
Massive swaps are expiring on Jan 8...
Hodl
Moon soon.
Hodling and continuing to buy GME
Don't forget the crayons and bananas.
Got the link? I think i remember seeing one quintillion expiring 1/8/24.
50 million swaps if I'm reading this right.
https://www.reddit.com/media?url=https%3A%2F%2Fpreview.redd.it%2Fwpvxcwh8ex7c1.jpg%3Fwidth%3D826%26format%3Dpjpg%26auto%3Dwebp%26s%3Df51d6ad1af0e9543f819793c1b21c0ab0e762f2a
Yes, thats the screenshot i saw as well. What's the actual link/source?
https://pddata.dtcc.com/gtr/canada/tracker.do
Hey u/bubble_bursts, you're on the news again! 😁
I read the article, and went to the comments. The comments are all six weeks old, so I’m a little confused as to whether this was an updated article or what. It is on yahoo news, so who knows?
I think it’s going to be less of a crash and more of insane snowballing of inflation that we’ve ever seen.
The price of everything has gone up a lot. We’re already feeling it. And it’s going to snowball, absurdly.
Look over there, not here.
A burst won’t happen and they just won’t mention/discuss inflations and (as judged by the last few years, the masses will not question/put things together) and life will continue exactly has it has been.
UNTIL Q DISPERSES ALL THE GOLD TO US!
The market has always fallen when there is economic turmoil and inflationary pressure. But not this time. Why?
I watch the market make gains day after day while the population suffers. The gains are all led by 7 or 8 companies. If people can put 2 and 2 together they will see how artificial it all is. Why has one always led to the other but this time it isnt?
only when trump gets back in to make him look bad probably
I have DWAC - the only stock in my account from past 1 year. Not selling it, keep it for a long haul.
Anybody with a strain been saying this for 10 years.
sooo, where do you think the three letterc has its most powerful computer ?