{"id":247071,"date":"2025-09-22T19:51:12","date_gmt":"2025-09-22T19:51:12","guid":{"rendered":"https:\/\/www.europesays.com\/us\/247071\/"},"modified":"2025-09-22T19:51:12","modified_gmt":"2025-09-22T19:51:12","slug":"wall-street-legend-warns-trumps-economy-is-poised-to-crash","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/247071\/","title":{"rendered":"Wall Street Legend Warns Trump\u2019s Economy Is Poised to Crash"},"content":{"rendered":"

A market crash guru is sounding the alarm over Trump\u2019s economy. <\/p>\n

Mark Spitznagel, a hedge fund manager dubbed the \u201ccrash guy\u201d on Wall Street, is predicting the biggest fallout America\u2019s seen since the Wall Street Crash in 1929, The Wall Street Journal<\/a> reported on Monday.<\/p>\n

\u201cI\u2019m the crash guy\u2014I remain the crash guy,\u201d Spitznagel bullishly said.<\/p>\n

\"S&PGoogle\/Google <\/p>\n

During an interview with the outlet, the investor drew similarities between today\u2019s market and the early part of 1929, when stocks added significantly to their Roaring \u201920s gains.<\/p>\n

In a statement to the Daily Beast, a White House spokesperson rebuked such claims. \u201cPresident Trump has an unmatched track record at ultimately proving his haters and losers wrong\u2014and doing so with charity and graciousness,\u201d spokesperson Kush Desai wrote.<\/p>\n

U.S. Bank<\/a> reported on Sept. 12 that the S&P 500 has increased nearly 10 percent since Trump returned to office\u2014on pace with the beginning of his first term. <\/p>\n

In addition, the S&P 500 is up nearly 30 percent after hitting its low point in April. It remains near all-time highs, which it surpassed in September.<\/p>\n

\"WallWall Street legend Mark Spitznagel is warning of the biggest economic fallout America\u2019s seen in almost a century. BRENDAN MCDERMID\/REUTERS <\/p>\n

The market crash of 1929 followed a period of abundance on the New York Stock exchange that many believed would be never ending. <\/p>\n

Share prices skyrocketed to new heights and the Dow Jones Industrial Average increased six-fold from 63 in August 1921 to 381 in September 1929, according to the official Federal Reserve website.<\/a><\/p>\n

The epic boom ended in a catastrophic collapse, however, after the Dow declined nearly 13 percent in one day. The market dropped nearly 12 percent the following day and in two weeks time, the Dow had lost almost half of its value\u2014triggering the Great Depression.<\/p>\n

The Dow did not return to its pre-crash heights until November 1954.<\/p>\n

\"CrowdsCrowds in front of the Stock Exchange in the days of the Wall Street crash, October 1929. DEA PICTURE LIBRARY\/De Agostini via Getty Images <\/p>\n

While Spitznagel\u2019s claim is a bold one, his record adds some credibility to his claims\u2014especially because he stands to profit off of a collapse.<\/p>\n

His hedge fund, Universa Investments, skyrocketed in earnings when Lehman Brothers collapsed in 2008 and when Covid-19 sparked a market meltdown in 2020. Spitznagel also earned $1 billion in a single day for his clients during 2015\u2019s \u201cFlash Crash.\u201d <\/p>\n

In July 2024, he sounded the alarm over something \u201creally, really bad\u201d coming but with gains in stocks first, the Journal reported. Since then, the S&P 500 has gained 23 percent. <\/p>\n

A main driver behind Spitznagel\u2019s new and gloomy prediction is \u201crepeated federal rescues of markets and the economy,\u201d he said, comparing it to quickly extinguishing forest fires only to have too much dry tinder accumulate. <\/p>\n

In today\u2019s near-record stock valuations, the eventual \u201cfirebomb\u201d could burn even brighter, Spitznagel told the outlet.<\/p>\n

\u201cThe markets are perverse,\u201d he said. \u201cThey exist to screw people.\u201d<\/p>\n

\"FormerPresident Donald Trump speaks at a press conference on Wall Street. Alexi Rosenfeld\/Getty <\/p>\n

The Wall Street legend isn\u2019t the only one sounding the alarm over Trump\u2019s economy; behind closed doors, many top business leaders are privately fuming over his economic agenda.<\/p>\n

Jeffrey Sonnenfeld, a Yale business professor known as the \u201cCEO whisperer,\u201d told CNN <\/a>that 80 percent of his CEO focus group participants\u2014most of whom are Republicans\u2014are disappointed with the economy\u2019s performance under President Trump.<\/p>\n

The Daily Beast has reached out to the White House for comment.<\/p>\n","protected":false},"excerpt":{"rendered":"A market crash guru is sounding the alarm over Trump\u2019s economy. Mark Spitznagel, a hedge fund manager dubbed…\n","protected":false},"author":3,"featured_media":247072,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[64,77,67,132,68,3642,230,131293],"class_list":{"0":"post-247071","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-donald-j-trump","10":"tag-united-states","11":"tag-unitedstates","12":"tag-us","13":"tag-wall-street","14":"tag-wall-street-journal","15":"tag-wall-street-crash-of-1929"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115249695054611151","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/247071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=247071"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/247071\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/247072"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=247071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=247071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=247071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}