Albert Edwards Isn’t Retiring. And Nothing Matters Anymore

Albert Edwards Isn’t Retiring. And Nothing Matters Anymore

Valuations seemingly don't matter. I'm talking about equities, of course. While the contention that traditional valuation metrics have been antiquated by some new paradigm has historically served as the preface for an imminent meltdown, I've variously suggested that, at the least, this time is different on the policy front. While there's plenty of historical precedent for extreme monetary accommodation, the simultaneous adoption of pedal-to-the-metal easing paired with what, in late 2019, woul
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