ALBERT EDWARDS: A 'tidal wave' is coming that will throw the US into recession

Discussion in 'Wall St. News' started by dealmaker, Apr 8, 2016.

  1. dealmaker

    dealmaker

    A tidal wave is coming to the US economy, according to Albert Edwards, and when it crashes it's going to throw the economy into recession.

    The Societe Generale economist, and noted perma-bear, believes that the profit recession facing American corporations is going to lead to a collapse in corporate credit.

    "Despite risk assets enjoying a few weeks in the sun our fail-safe recession indicator has stopped flashing amber and turned to red," wrote Edwards in a note to clients on Thursday.

    http://www.businessinsider.com/edwards-tidal-wave-us-recession-is-coming-2016-4
     
  2. when did he go 100% bull? I hope it was back around 2009. Never wrong often early? How come nobody ever warns clients we are at a botttom and they must go all in right now?
     
    piezoe likes this.
  3. If I am not mistaken, his "fail-safe" recession indicator has been flashing red for the past 5 years, at least.
     
    piezoe likes this.
  4. This guy is never right.
     
    piezoe likes this.
  5. piezoe

    piezoe

    But, if he keeps it up, he will be eventually.:D
     
  6. To be right you need to be right about the timing as well. By that standard, which is truly the only standard that counts, he may never be right.