News about Mark Spitznagel

Mark Spitznagel, president and chief investment officer of Universa Investments, made the prediction in an interview with Fortune, almost two weeks after the worldwide fiasco. At the time, markets from Japan to the US fell without warning, following a weak jobs report surging volatility amid conflict in the Middle East. In the wake of the drastic dip, markets have since returned more or less to normal - but Spitznagel on Sunday insisted that's a red herring. The billionaire investor said we're instead on the verge of the biggest stock market bubbles in history, which inevitably will end with a burst as it did in 2008. Back then, m ortgages unloaded to high-risk borrowers resulted in a period of turmoil, following a euphoric bull run.

Hedge fund manager Mark Spitznagel, a billionaire investor known for betting on market volatility, warned that the current 'Goldilocks period' in the US economy will not last long.