Albert Edwards Spots The "Peak Bullshit" Indicator

In his latest note, SocGen's Albert Edwards turns away from the big macro trends to look at two more pressing, market-driven phenomena, namely the ongoing surge in the US Dollar - or rather what's behind it - and the threat of an imminent drop in Treasurys yields as the "global recovery" narrative ends with a bang, and then synthesizes it all by laying out his colorful description of last week's WeWork junk bond travesty.