January 3, 2011
Albert Edwards, SocGen bear, takes a bite out of China
The Guardian offers us paragraph after paragraph of doom and gloom today. Here's a teaser.
Edwards is thus sticking to two eye-catching predictions. Stock markets will revisit their March 2009 lows (3512 for the FTSE 100). And, despite the hints in recent months of a return of inflation, gilt yields will fall below 2% (from 3.5% today) as deflationary forces reassert themselves. Oh, and for good measure, prepare for the hard landing in China and the crash in commodity prices.
For what it is worth, I still lean deflationary.
Sunday Night Futures
-
Weekend:
• Schedule for Week of May 5, 2024
Monday:
• At 2:00 PM ET, *Senior Loan Officer Opinion Survey on Bank Lending
Practices* for April.
From CNBC: ...
46 minutes ago
No comments:
Post a Comment