Hope Is The Biggest Enemy: Albert Edwards – ValueWalk Premium
Albert Edwards us real v nominal yields 1014

Hope Is The Biggest Enemy: Albert Edwards

Societe Generale strategist and resident permabear, Albert Edwards is revisiting his Ice Age thesis this month as US implied inflation expectations fell lower, following what he sees as a multi-cycle step down into outright deflation.

“With each cyclical upturn, equity investors have assumed with child-like innocence, that central banks have somehow ‘fixed’ the problem and we were back in a self-sustaining recovery,” Edwards writes. “Those hopes would only be . . .


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