Bloomberg/Sonali Basak/6-3-2022
“Mark Spitznagel is paid to be prepared for when the market’s weakest links are exposed in a big way. Right now, the Universa Investments founder, whose fund aims to protect clients during black swan events, says the financial system is most vulnerable to “the greatest credit bubble of human history.”
USAGOLD note: Whenever the Fed aggressively raises interest rates, stress cracks begin to appear in the credit markets’ foundation, and the prospect of black swan events is elevated. As Warren Buffett once said, “Only when the tide goes out do you discover who’s been swimming naked.”
