Albert Edwards Adds Sellside Bond Yield Forecasts To Benjamin Franklin’s Short List Of Life Certainties
Albert Edwards has been doing the same sellside strategy job for three decades, and that being the case, he knows that when Benjamin Franklin said death and taxes were the only two things certain in life, he (Franklin) left out "one other certainty".
"At this time of the year sellside strategists will always wheel out their year-ahead forecasts [and] these will without fail predict a rise in both equity markets and bond yields", Albert writes, in a note dated Tuesday. For Edwards, these biases
I will happily bet anyone a trillion dollars that hyperinflation is not months away
Any risk that derision of higher yield forecast suffers from the boy who cried wolf syndrome