Late Selloff Puts Stock Indexes in Correction
The late-day selloff came despite earlier gains sparked by better-than-expected trade data from China and an early bounce in oil prices from recent lows. But the two-day bounce faded as the mood shifted on Wall Street from the once-winning buy-the-dip mentality to a...
ALBERT EDWARDS: If I’m Right, the US Stock Market will Fall 75%
There are cynics, there are doomsayers, and then there's Albert Edwards, the Societe Generale economist who is in a league almost of his own. Edwards' most recent call is that if the US economy plunges into a recession led by weak manufacturing output, stocks will be...
Beware the Great 2016 Financial Crisis, Warns Leading City Pessimist
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 that could prompt the collapse of the eurozone. Albert Edwards, strategist at the bank Société Générale, said the west was about to be...
