Société Générale's Albert Edwards Is Now Channeling Hamlet

 From Mr. Edwards' eXtwitter feed:

You see lots of Financial Conditions FCIs charts suggesting policy is loose. Less often do you see the "Credit Impulse", the change in credit growth - which drives GDP growth. The buoyant FCIs merely tell us financial markets are a bubble and heading for trouble!

H/T @SoberLook pic.twitter.com/Pu9egioZWB

— Albert Edwards (@albertedwards99) August 26, 2024

For what it's worth financial conditions are loose, and getting looser. Here's the Chicago Fed's Financial Conditions Index via the St. Louis Fed's FRED database. 

(Lower is looser):

And here are the witches:

Double, double toil and trouble;

Fire burn and caldron bubble....

—Macbeth: IV.i 10-19; 35-38

 Thinking about it a bit further, Albert may be on to something, comparing the witches incantations to the Fed.