Albert Edwards of Society General returns to slam the Fed. I will only add that, for much of the world, pandemic inflation has proven temporary and is about to implode spectacularly. What has embedded inflation now is the Ukraine war…
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Let us imagine for a moment the US and global economy slides into recession for all the well-versed reasons. Let us imagine too that the “Everything Bubble” in financial and property assets that the Fed and other central banks have created with their ultra-loose policies, bursts with unpredictable and dislocative results. What then?
