Falling corporate earnings pose a risk for the current U.S. economic expansion that deserves more attention from investors, according to Albert Edwards, a global strategist at Societe Generale SA.
Recession still looms and the economic slowdown will trigger a 60 percent drop in equity prices, according to Societe Generale.
Bank of England Governor Mervyn King is mimicking “ruinous” Federal Reserve monetary policies that led to the current financial crisis, Societe Generale SA’s top- ranked strategist Albert Edwards said.
U.S. companies have reached a “tipping point” that will shrink earnings growth and profit margins, according to Albert Edwards, a global strategist at Societe Generale.
Pension funds and insurance companies are at risk of investing too much money in bonds at the expense of stocks, according to Albert Edwards, a global strategist at Societe Generale SA.
Falling orders for industrial machinery and other big-ticket items are signaling losses for U.S. stocks, according to Albert Edwards, a global strategist at Societe Generale SA.
Emerging-market stocks and commodities are in a bubble that will deflate as China’s economic expansion slows, according to Albert Edwards , a strategist at Societe Generale.
"It is mainly the fear of being wrong that prevents them from making bold forecasts, despite consistent evidence that markets are far more volatile than their mundane forecasts ever suggest."
- Albert Edwards on Nov 18, 2014