The thesis holds that a multi-decade super cycle Credit Bubble - over recent years succumbing to 'terminal phase excess' - ...

Mark Spitznagel, a noted Wall Street “permabear," issued stark warnings about the US economy, predicting a crash reminiscent ...

"Since January 1st, the rate at which the stands for delivery have been increasing has been at roughly four times last year's rate," he revealed. "If the current rate of stand for deliveries continues ...

And it's created a big bubble in a pocket of the US economy. "There is no acknowledgment today that, yet again, we have a super-duper credit bubble on our hands," he wrote in a note on Thursday.

Naturally our financial leaders around the world took the radical steps required to reduce the debt created in a massive credit bubble. Oh, sorry, that was my fantasy world I was talking about.

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