Is the US economy in danger?
Spitznagel is of the opinion that the bubble and the impact of its burst, would make it even tough for the US economy to witness a turnaround, as the $34 trillion debt may make it even more difficult for the Federal Reserve to turn the economy around within due time. Therefore, there are peak chances of a major recession by the end of the year in case this situation persists.
Stock market situation like a ‘time bomb’ now
Spitznagel has termed the situation of the stock market to be a ticking time-bomb, and the US markets could be heading to something really bad ahead. However, it must be noted that the market mogul has been raising alarms about a stock market crash since 2023, but it has not happened as of yet but things could become a reality in the future.
Also Read: Donald Trump’s approval rating soars, now 20 points higher than when he left the White…