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Albert Edwards Is Back From Dylan Grice’s Wedding And He (Albert) Is ‘Reinvigorated With Enthusiastic Derision’!

"Jedi mind tricks".

"Jedi mind tricks".
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2 comments on “Albert Edwards Is Back From Dylan Grice’s Wedding And He (Albert) Is ‘Reinvigorated With Enthusiastic Derision’!

  1. So explain to me why Edwards is negative on the Fed pause if he thinks the economic prospects are so weak that the next recession we are going to hit negative funds rates. Doesn’t make more sense to keep short term rates low now so that we won’t have to cut them to negative in 2 years? It doesn’t look like the economy is running away hot, so what is Edwards’s problem? Keynes to paraphrase suggested that he changed his mind, when facts change. Why can’t the Fed do the same if financial conditions suddenly tighten? I don’t get it…

    • Well, that’s a good question and it’s something I almost raised in the post itself.

      2 things to remember about Albert: 1) he’s a smart guy and he’s been around a long time, so I’m sure if you were to ask him that in person, he would give you a fairly trenchant argument/explanation, 2) he is one of the nicest guys you’ll ever correspond with, so don’t let the mean “permabear” face give you the wrong impression.

      But yes, your question is a good one

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