Albert Edwards Gently Warns Of Imminent ‘Collapse,’ ‘Meltdown’ – Investment Watch


 

By and large, market commentators now begrudgingly concede that the odds of a US recession occurring over the next 12 to 24 months are very elevated. Generally speaking, though, they stubbornly insist any downturn will be mild.

Such wishful thinking is “a spurious landmark we pass at this stage in the cycle before all hell breaks loose and both the economy and markets collapse.” That’s according to SocGen’s Albert Edwards who, on Wednesday, wrote that with both a recession and a market “meltdown” looming, “familiar phrases are returning to greet me like long-lost friends.”

One of those phrases is the contention that a recession, assuming it occurs, will be “shallow.” Another is the notion that stocks have already priced it in. As you can imagine, Edwards doesn’t agree with either.

It’s not just that the Atlanta Fed’s GDPNow tracker is sitting (un)comfortably on the flatline. “The leading indicators look grim as well,” Edwards said, citing the Conference Board, and noting that ISM has some catching down to do, specifically to sub-50, contraction territory.

He also mentioned last week’s update to the New York Fed’s DSGE model, which produced unofficial forecasts that are “considerably more pessimistic” (to quote researchers including Marco Del Negro) than they were just three months ago. Among other things, the model now sees a “not-so-soft landing,” characterized by negative growth this year and next (figure below).

READ MORE:

heisenbergreport.com/2022/06/22/albert-edwards-gently-warns-of-imminent-collapse-meltdown/



See also  Sen. Kyrsten Sinema, Finnish PM Marin Sanna, Pfizer CEO Albert Bourla And Others Attend Bilderberg Meeting in DC


—>

Help Support Independent Media, Please Donate or Subscribe:

Trending:

Views:
144



Source link

Related articles

Retail Gross sales and Inflation Set the Stage for Fed’s September Charge Choice

Inflation information and Retail Gross sales hit this week, providing key macro data for traders and policymakers President Trump’s shock 50% tariff on Brazil and copper imports leaves one outperforming sector in limbo Financial institution...

Alchemy Markets Unveils Main Rebrand, Ushering in a New Period of Monetary Empowerment

Alchemy Markets, a pacesetter in offering institutional-grade buying and selling situations to retail purchasers, is proud to announce the launch of its newly rebranded id, together with a contemporary emblem, a totally redesigned...

Following NinjaTrader Acquisition, Kraken Opens Entry to CME-Listed Crypto Futures

Govt Interview with Costas Michael from Revolut Cyprus | iFX EXPO Worldwide 2025 Govt Interview with Costas Michael from...

Baker Hughes, Petronas collaborate on Asia-Pac vitality enlargement, transition

Baker Hughes, and Petronas introduced that they've entered a memorandum of understanding (MoU) on a strategic partnership to discover enterprise initiatives which have the potential to assist the supply of Asia’s vitality enlargement...

This premium Ryzen 7 mini PC with 32GB RAM is never this low-cost!

Lately, your own home workplace doesn’t really want a laptop computer or cumbersome PC tower anymore—mini PCs are greater than highly effective sufficient for something you might have to do, particularly for those...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com