Albert Edwards: Market ‘Meltdown’ May Return On COVID Deflation Shock

SocGen's Albert Edwards is on the record suggesting that the fiscal response to the next crisis (which, by virtue of being upon us, can no longer be described as a hypothetical) will usher in a great "melt", finally bringing an end to the "Ice Age". And yet, in the interim, Edwards sees deflation risk, and thinks it won't be as easily dismissed by investors as the other dour macro data we're being told to brush aside and otherwise "look through". "Falling core CPIs are likely to be much more o