...It’s the Fed, stupid. Well, yes, of course it is. Perhaps we should turn to latest from Albert Edwards of SocGen which (by riffing off a tweet from Tom McClellan) posits deflating stock prices by money supply as a way to rationalise the rebound.
Over to Albert:........MORE
There's a tagline for you: "Reading Albert Edwards, more cheerful than the Einsatzgruppen."
