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Albert Edwards Warns Of ‘Surprise’ From The East, Explains ‘How To Call 10 Of The Last 1 Crashes’
We’ve been looking for surprises and one thing that can catch us out is if the Bank of Japan starts tightening. If it actually follows the Fed and the ECB and announces some sort of tapering.
This could be far more important than the Fed. A lot of major trends start with Japan. People don’t focus on Japan enough in my view.
That's what Albert Edwards said earlier this month at SocGen’s annual strategy conference in London, and it's notable for a number of reasons.
For one thing, implici
Also, according to Geopolitical Future’s George Friedman, there are rising odds of conflict between Japan and China this year. He notes that Japan is rapidly rearming itself, given that the chronic decline of the US is leaving a vacuum here (and everywhere). There’s two strongmen there in Abe and Xi. Despite their enormous trade, the two countries hate each other as do their people. Historically, trade hasn’t prevented conflicts before. Although China is much larger and more powerful historically up until before the 19th century, China is still disadvantaged because China has started from a much weaker starting point due to its long internal divisions and decades of socialism. If you’re Japan (or US), you need to make your move soon before the reascending power becomes too strong again. This could get ugly if the second & third most powerful nations on earth go after each other.
It’s a compelling example of why the world needs to be rid of the old nation-state structure. People just want to live their short life in peace and be able to earn a respectable living, maybe have a family. Almost every national government actually thwarts the people, and socialist governments thwart people the most, because government is a counterproductive force that consumes wealth; government just takes and produces nothing. The French revolutionaries had it right… of with their heads!