Albert Edwards: It’s a new GFC

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From Mr Ice Age, Albert Edwards at Societe Generale via The Guardian:

The City of London’s most vocal “bear” has warned that the world is heading for a financial crisis as severe as the crash of 2008-09 and prompt the collapse of the eurozone.

Albert Edwards, strategist at the bank Société Générale, said the west was about to be hit by a wave of deflation from emerging market economies and that central banks were unaware of the disaster about to hit them.

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