“We have no right to be surprised by a severe
and imminent stock market crash,” explains Mark Spitznagel, a hedge
fund manager who is notorious for his hugely profitable
billion-dollar bet on the 2008 crisis. “In fact, we must absolutely
expect it.”
Unfortunately Spitznagel isn’t alone.
“We
are in a gigantic financial asset bubble,”
warns
Swiss adviser and fund manager Marc Faber. “It could burst any
day.”
Faber doesn’t hesitate to put the blame
squarely on President Obama’s big government policies and the
Federal Reserve’s risky low-rate policies, which, he says,
“penalize the income earners, the savers who save, your parents —
why should your parents be forced to speculate in stocks and in real
estate and everything under the sun?”
Billion-dollar
investor Warren Buffett is rumored to be preparing for a crash as
well. The
“Warren Buffett Indicator,” also known as the “Total-Market-Cap
to GDP Ratio,” is breaching sell-alert status and a collapse may
happen at any moment.
The writing is on the wall, People!
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