As the up-again, down-again stock market exhibits some of its highest rolling monthly standard deviations in recent history – sharply contrasting the almost absurdly low volatility that was manufactured in 2017 –Societe Generale’s permabear Albert Edwards shakes his head. Edwards, in characteristic fashion, seems to delight in discussing risk management topics that are avoided among the polite company in the long-only Wall Street set – and his Thursday report is no exception. There is an illusion that has been created, an asset bubble that is about to pop. And at the end of this road might come the end of US…
When The Debt Bubble Bursts, Central Bank Independence Will Disappear: Albert Edwards
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.