Comment Comment by __Joker Econmics noob here.Leaving aside the Ad Hominem that Spitznagel is hedge fund manager who might benefit from the said event.I can only gather two main points in the argument.1. Level of debt is at unprecedented levels ( private, public, global)2. Kind of follows from 1, Government(FED) has very high annual debt servicing.How we go from 1&2 to popping the credit bubble ? parent __Joker 3 years ago
Leaving aside the Ad Hominem that Spitznagel is hedge fund manager who might benefit from the said event.
I can only gather two main points in the argument.
1. Level of debt is at unprecedented levels ( private, public, global)
2. Kind of follows from 1, Government(FED) has very high annual debt servicing.
How we go from 1&2 to popping the credit bubble ?