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
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?
If I am not mistaken, his "fail-safe" recession indicator has been flashing red for the past 5 years, at least.
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.