Posted 11/9/2023, 12:22:00 PM
Spitznagel Warns Massive Debt Bubble Is Tinderbox Timebomb Created by Fed Policies
- Massive debt bubble is the biggest in history, according to Universa's Mark Spitznagel
- Fed policies trying to eliminate recessions have created a dangerous "tinderbox timebomb"
- Treasuries offer "hopeful" but limited protection; diversification can do more harm than good
- Need to protect against large losses mathematically, not just scary headlines
- Diversification limits upside more than downside risk; called "deworsification" by Peter Lynch