Albert Edwards Reprises Famous Ice Age Thesis After ‘Cold’ Summer For Critics

Albert Edwards Reprises Famous Ice Age Thesis After ‘Cold’ Summer For Critics

"Clients know from long experience that despite my depressing forebodings being unerringly premature, my outlandish visions can suddenly come to pass very quickly indeed", Albert Edwards writes, in a new note reprising his "Ice Age" thesis in light of recent events. Bond yields have plunged over the past several months, pushing the global stock of negative-yielding debt above $17 trillion. Europe has led the charge. Negative-yielding debt now comprises nearly a third of debt globally. (Gold
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