Edwards: The US economy is already in recession and about to collapse

Albert Edwards: The US economy is already in recession

The US consumer has been the engine of the country’s economic recovery since the financial crisis and has managed to keep the country from falling into a recession this year but for how much longer will this continue to be the case? That’s the question from perma-bear Albert Edwards asks in his weekly Global Strategy update.

Albert Edwards - A recession round the corner?

The Society Generale analyst is once again banging the US recession drum. Edwards believes that it is only a matter of time before the US consumer stops spending, putting the brakes on the country’s economic recovery. For the past two quarters consumption spending has helped keep GDP...