Albert Edwards: Central Bank "Ice Age" Theory Playing Out

Societe Generale global strategy researcher Albert Edwards has been given a "frosty reception" for speaking out on central bank policy before, he notes in a September 7 research piece. But exactly what he warned about -- a central bank induced "Ice Age" -- is already occurring, he says. This is in part witnessed by an investing mantra that has as its value thesis “there is no alternative” to investing in overvalued stocks.

Buying stocks at sky-high price / earnings ratios: “What a mistake this will turn out to be”

Stocks are, by all accounts, expensive. After high-end asset prices across the board have been “inflated by super-loose monetary policy,” there is an...