Albert Edwards: What if "whatever it takes" is not enough?

Central bankers are an “overconfident” group, notes Societe Generale’s outspoken and perma-bear analyst Albert Edwards, who thinks that central bank ultra-loose money policy proved “ruinous” in 2008 and he is skeptical of the market environment going forward. Edwards says central banker’s pledges to do “whatever it takes” is ultimately going to fall short.

Edwards questions faux Fed questioning at press event

With former U.S. Federal Reserve Chair Ben Bernanke in London to to promote his book “The Courage to Act,” Edwards “thought it best not to attend.” The pre-packaged “questions from the audience,” few of rich ever touch on the real issues behind Fed policy, would have caused Edwards to...