There is a major crisis facing the world economy, Societe Generale’s outspoken analyst Albert Edwards says, and it’s not the over-hyped Brexit that matters. There is a stealth currency move that is taking place that “is far more important for the global economy,” Edwards wrote in a June 22 report. Don’t act like sheep When speaking with institutional clients around the world, Edwards notes an interesting trend. They all tend to ask the same questions. It’s not the first time Edwards and other financial analysts have noted a herding behavior, but in this case they are missing the bigger issue….
Albert Edwards: Fade Brexit, Focus On China's Stealth Currency Devaluation
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.