Albert Edwards declares the Ice Age is over
Edwards noted approvingly the recent commentary from Bob Prince, the co-chief investment officer at hedge fund giant Bridgewater, who expects a multi-year secular tightening cycle. Edwards calls the new phase a “great melt.”
“In essence Bob Prince is saying that we are currently in only the first phase of a multi-year secular tightening cycle to address the after-effects from combining monetary and fiscal policy in a reckless fashion.
Bob notes that investors have mistakenly discounted only one quick tightening cycle and so they are going to be mightily surprised,” says Edwards.
MarketWatch 18 August 2022
What does this mean? “Carnage awaits,” Edwards wrote
There is no “carnage” yet, as investors appear to be in the buying mood.
MarketWatch 28 October 2019
https://englundmacro.blogspot.com/2019/10/noted-bear-albert-edwars-earns-our.html
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