that investors should be cautious and prepared for a potential economic downturn and market crash in the near future. He believes that the current stability in the economy is unsustainable due to the high levels of debt and the impact of the Federal Reserve’s tightening policies. Spitznagel is closely watching the yield curve as an indicator of an imminent recession, and he believes that a recession is likely within the year. He also warns of the potential for stagflation in the future, as excessive debt and money printing from the Fed could lead to low growth and high inflation. Investors should be mindful of these risks and consider diversifying their portfolios to protect against potential losses in the coming economic and market turmoil.