From FT Alphaville:
The Ultra-Bear, SocGen’s Albert Edwards, was at his apartment near Perpignan last Wednesday, re-charging his batteries…
Sitting on my balcony at midnight sipping some local Rosé with my good friend Dr Bob, we were discussing recent market developments and generally putting the world to rights. To our amazement the most stunning shooting star raced across the night sky and exploded spectacularly out to sea. Now on my return I did a little research. Amid this week’s turmoil was it pure coincidence that a Shooting Star is a well known bearish signal for markets?
The views of Edwards, and his colleague James Montier, have moved from being off-the-dial to progressively mainstream over the past year or so. But he’s still got a couple of predictions that can shock:...MORE
Some of our earlier posts on SocGen:
Société Générale: “We see a y-shaped global recession. We are going down before looping backwards”
This Week’s Advice: Canned Food, Guns and a Ham Radio
...*Soc Gen strategists have been bearish for about a decade, as they note in their commentary, as they expected equities to go through a period of “valuation de-rating similar to Japan.” ...