“They’ve Created A Snowflake Market” – Mark Spitznagel Warns Of “Dangerous Over-Reliance” On Central Banks

Posted on September 19, 2019 6:04 pm
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URL https://www.zerohedge.com/markets/theyve-created-snowflake-market-mark-spitznagel-warns-dangerous-over-reliance-central-banks 

“They’ve Created A Snowflake Market” – Mark Spitznagel Warns Of “Dangerous Over-Reliance” On Central Banks

Last year, before the market collapsed in the XIV debacle, Universa’s Mark Spitznagel warned “a reckoning always follows…something really big is coming”

This is an age of massive artificial economic imbalances and systemic risks.

Repress change, and you repress all that it means. Repressing it is sheer hubris and, in Dylan’s words, “beyond your command.” You can only defer it, not stop it. (Juxtapose this view with outgoing U.S. Federal Reserve Chair Janet Yellen’s ambitious claim that there will not be another financial crisis

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