The New CS Board

[jumanji0881]

It's all about the DEBT -

The market is headed for a 'tinderbox-timebomb' that will be worse than the 1929 crash, Black Swan fund manager says
https://www.msn.com/en-us/money/markets/the-market-is-headed-for-a-tinderbox-timebomb-that-will-be-worse-than-the-1929-crash-black-swan-fund-manager-says/ar-AA16WBie

Excerpt:
His view mirrors that of other doomsday commentators, such as top economist Nouriel Roubini, who warned that high debt levels and rising interest rates would cause a severe recession and a debt crisis that could shatter the economy. Michael Burry, "The Big Short" investor who bet against the US housing market leading up to its crash, has also said markets were exiting an era of speculation, and stocks were headed for the "mother of all crashes."

"The correction that was once natural and healthy has instead become a contagious inferno capable of destroying the system entirely," Spitznagel added, predicting a "slowcession," akin to the Great Depression that ravaged the global economy nearly a century ago. "The world is just too levered today, the debt construct just too big," he warned.