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Crash Expert Warns: 1929-Style Economic Collapse Looms

9/23/2025

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Summary

Story summary

Mark Spitznagel, a hedge fund manager, warns of a crash similar to 1929.
Known as the 'crash guy,' he predicts substantial fallout, and a White House defense follows.
He compares today’s economy to early 1929, citing stock gains and federal market rescues.
His record includes earning $1 billion during the 2015 Flash Crash and profits from 2008 Lehman Brothers collapse.

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Story summary

Mark Spitznagel, a hedge fund manager, warns of a crash similar to 1929.
Known as the 'crash guy,' he predicts substantial fallout, and a White House defense follows.
He compares today’s economy to early 1929, citing stock gains and federal market rescues.
His record includes earning $1 billion during the 2015 Flash Crash and profits from 2008 Lehman Brothers collapse.