Albert Edwards: Recession delayed not averted

Friday, 9 June 2023

The excellent Albert Edwards at Societe General.

Recession averted or just postponed?

In the wake of the latest robust US non-farm payrolls report, one of the most important questions for investors right now is why has the most widely predicted recession in US history failed to materialise? Is it recession averted or just postponed?

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.