Policy Uncertainty not being priced in by markets?

Albert Edwards, Societe Generale’s resident market bear, or how he describes himself “The Grim Reaper,” seems beside himself in a December 8 report. It’s not his own market bearishness that has him excited – his “ghoulish quest to harvest bad news” is something of a monthly ritual. Sometimes he is correct, other times less so. What is frightening him Thursday is a single chart published . . .

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