Albert Edwards Revisits Greedflation, Sees Something ‘Sad’ At Fed
Investors are “divorced from cyclical reality.” That’s according to SocGen’s Albert Edwards, who, if past
Investors are “divorced from cyclical reality.” That’s according to SocGen’s Albert Edwards, who, if past
Analysts and investors pleased with resilient corporate profits aren’t factoring in the macro read-through of
Given all the media attention afforded to so-called “greedflation” (typically defined by reference to near-record
Europe’s factory slowdown worsened in May, even as activity in the services sector continued to
SocGen’s Albert Edwards is passionate about “Greedflation” or, more to the point, about highlighting the
I’ve been on (and on, and on) about so-called “Greedflation.” Whenever something goes wrong in
Earlier this week, I suggested the purported wage-price spiral which many argue is driving inflation
Price gouging! That’s the culprit for high inflation. I like it as a thesis. I
Every quarter, once the verdict is in on earnings season, Goldman publishes an “S&P 500
SocGen’s Albert Edwards is concerned about bankruptcies. That might seem odd coming from the man
The mighty US services sector expanded at the slowest pace in six months, according to
“Toto, I’ve a feeling we’re not in Kansas anymore,” said macro watcher after macro watcher in
“Investor sentiment and positioning has turned 180 degrees,” Morgan Stanley’s Mike Wilson said Tuesday, as
The world’s fourth-largest economy is in a recession. Or it was at the beginning of
Surprise! The US services sector is still running hot. If I didn’t know any better,
Over the past 30 years, S&P 500 profit margins more than doubled, from 5% to
The sell-side’s most recognizable bear is still skeptical of any overtly rosy outlook for an
On the macro front, this week is all about the juxtaposition between the Fed’s senior
So-called “Greedflation” may be propping up US corporate profits for now, but as the old
“The inflation outlook continues to be too high for too long,” the ECB said Thursday,
Do we even want a good reporting season from corporate America? Arguably not. Or at
Earlier this week, I talked a bit about the “too low” VIX. It’s a familiar
Equities have proven remarkably resilient in the face of recent banking sector tumult and amid
Too many investors are missing a very simple, but very important, dynamic at the heart
Where to from here? “Recession! That’s where.” Or so goes the refrain from seemingly everyone
You wouldn’t necessarily know it from “Greedflation” banter and the perception that corporations are engaged
SocGen’s Albert Edwards has seen a lot over four decades in finance. As such, he
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