Albert Edwards: A Recession Is Just Around The Corner; Ice Age Has Arrived

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Rupert Hargreaves
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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…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk