Crash!!!!

Daily Mail

Wall Street's legendary 'crash guy' sounds alarm on Trump's economy after spotting echoes of 1929 meltdown



A hedge fund manager dubbed Wall Street's 'crash guy' has sounded the alarm over the current state of the economy after spotting similarities with the 1929 market before it went into meltdown.



Mark Spitznagel, president and chief investment officer of Universa Investments, issued chilling warning to Americans about the 'perverse' market.

'The markets are perverse,' Spitznagel told The Wall Street Journal. 'They exist to screw people.'


Continue watching
Results after Americans were handed cash in guaranteed income project
after the ad



Spitzagel earned the moniker 'the crash guy' after earning $1 billion in a single day for his clients during the 2015 'Flash Crash.'

During the flash crash, automated trading caused nearly one trillion dollars in US stock market value to vanish within minutes - only to rebound just as suddenly.

His hedge fund also clocked major wins when the Covid pandemic sent markets into meltdown, and when Lehman Brothers collapsed in 2008.

Spitzagel blamed repeated instances in which markets and the economy had been rescued by federal authorities, comparing it to fire fighters quickly extinguishing forest fires and in the process allowing too much dry tinder to accumulate.

It is hard to get a real crash when they are running the money printers.