Albert Edwards Sees Recession, Deflation And Also Inflation

Albert Edwards's tech "crash" call isn't looking too shabby three weeks later. Or not too shabby as far as Albert Edwards equity crash calls go. Big-cap US tech's down another 7% since Edwards suggested, on July 18, that a burgeoning swoon on the Nasdaq 100 might soon metamorphose into something bigger. The "Magnificent 7" is down around 15% from the peak. Another bad session or three and the septet which runs the world will be in a proper bear market. In his latest, Edwards predicted a US rec