Societe Generale’s vocal perma-bear Albert Edwards is concerned about the speed at which US inflation expectations have collapsed since the beginning of the year, a statistic that has gone largely unnoticed among investors amid the wider market carnage. Writing in Société Générale’s Global Strategy Weekly research note, Albert Edwards opines that the slump in US inflation expectations this year has been extraordinary— especially at a time when the oil price has moved broadly sideways. Edwards notes that US inflation expectations, as the Fed likes to measure them (5y in 5y implied breakevens from unravelling the yield curve), have now slumped…
Albert Edwards: A Recession Is Just Around The Corner; Ice Age Has Arrived
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