‘Greatest Credit Bubble’ Ready to Pop?

Mark Spitznagel is paid to be prepared for when the market’s weakest links are exposed in a big way. “If this credit bubble ever pops, it’s going to be the most catastrophic market failure that anyone has ever read about — but let’s hope that doesn’t happen,” Spitznagel, Miami-based Universa’s chief investment officer, said Thursday in a telephone interview. “We’ve gotten ourselves into a tough spot.”