Hedge Fund Manager Warns of 'Huge Crash' Ahead Due to Massive Credit Bubble, But Still Recommends Long-Term Stock Investing
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Mark Spitznagel, a hedge fund manager, warns of a "huge crash" coming due to a massive credit bubble.
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He says the US is in the biggest credit bubble in history fueled by low interest rates.
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When the bubble bursts, it could "burn down the whole forest," causing widespread economic damage.
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Other experts also see trouble ahead as rates rise, with over $1 trillion in private debt at risk of default.
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Despite the crash warnings, Spitznagel still recommends long-term stock investing, saying the S&P 500 will outperform hedge funds over 20 years.