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

Trump: Would like to take off Iran sanctions, in the event that they speak

Pres Trump is in Egypt now and is talking initially on Iran. He says: Egypt performed an important position in deal. Calls Egypt Sisi a robust chiefIran will come alongsideIran wants assistI actually...

Software program Channel Companions

Pc Market Analysis (CMR): The Final Channel Administration Compendium PART 1 Desk of Contents for Half 1 Introduction to Channel Administration The Evolution of Channel Administration About Pc Market Analysis (CMR) CMR’s Founding Story and Early Years CMR’s Mission, Imaginative...

INEOS awards main carbon seize and LDAR contracts to Rating

Rating has introduced two important contract successes that reinforce its position as a trusted associate in Europe’s vitality transition. The corporate has secured a number of buy orders from INEOS Power for the Greensand...

The Canon EOS R6 III may land quickly, able to tackle Sony and Nikon – right here’s one function that might set it aside

Canon rumors recommend the Canon EOS R6 III will land in NovemberIt may inherit a stabilized model of the 32MP sensor within the current EOS C50There are additionally rumblings of a Sony A7...

Bitcoin and Ethereum rally after market crash

The crypto market is bouncing again after certainly one of its most turbulent weekends ever, with main digital property recovering floor misplaced through the sudden liquidation wave that erased roughly $20 billion...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com