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Longtime Nassim Taleb associate Mark Spitznagel is a black-swan watcher par excellence. He says we've never seen anything like this much debt and leverage before. "It's an experiment."
Mark Spitznagel and Nassim Taleb have been watching for black swans for decades. "We’ve never seen anything like this level of total debt and leverage in the system," he tells Fortune. "It's an experiment."