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Albert Edwards: Retail Investors Will Be ‘Shocked’ To Discover The Truth About Corporate Debt Bubble
If you're a retail investor and you're under the impression that investment grade credit is a safe space, you're going to be "shocked" by just how bad things turn out during the next recession.
That's what Albert Edwards told Bloomberg in an interview this week, excerpts from which were published on Thursday.
Albert is, of course, a longtime bear. But what separates him from the legions of market doomsayers who in many cases revere his analysis (and make no mistake, the bull market in equities
The equity will not go unscathed either.
A total timebomb.
By the way many/most of the equity pros are just as ignorant as the retail on bal sheet quality.
Looks pretty salacious.