Albert Edwards: “This is nuts!” (In A Good Way)

Societe Generale’s Global Strategy “Team,” headed and entirely manned by Albert Edwards, has never been shy about expressing counter-trend opinions, particularly regarding the market distorting impact of central bank quantitative easing. In a report titled “Humdinger of chart illustrates the catastrophic distortions caused by QE” he points out the nuanced executional differentials in central bank policy and their observable unique outcomes. With the global debt monster not kind to a slow growth economy – and “toxic” in a deflationary world – one particularly high asset valuation is troubling.

Albert Edwards: How central bankers implement stimulative policy leads to different outcomes

Judging central bankers based on actual outcomes as opposed to a grandiose...