As Mark Spitznagel has said in the video, everything in terms of value and perception is out of whack, because there is so much liquidity in the markets thanks to money printing by governments.
Real estate is super expensive, commodities are expensive, stock market / stock valuation is very expensive as compared to earnings, while the true state of the economy is dismal at best.
Peoples incomes are not going up in line with inflation, people are not spending. What you see in the news about great recovery in housing, jobs and markets are all an illusion.
by Das Brain
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Tags: 40%, Crash, Expecting, Mark Spitznagel, Stock Market
