Look up “permabear” in the dictionary and you might just find a picture of Albert Edwards. Société Générale’s global strategist is undeterred by a nine-year old bull market and argues that a new financial Ice Age will take hold that more central-bank quantitative easing will be unable to stop. After the huge credit boom that has supported stock market gains, Western financial assets will experience a downturn similar to that felt in Japan beginning in the late 1980s.
In Edwards’ scenario, U.S. Treasuries will eventually sport negative yields, the stock market will plunge below the previous lows of 2009, and corporate...S&P 500 Could Still Test 2009 Lows
Понравилась статья? Подпишитесь на канал, чтобы быть в курсе самых интересных материалов
Подписаться