Avatar Posted by prieur 54 days ago (http://www.investmentpostcards.com)
Category: Business & Money
A fascinating discussion a few weeks ago in welling@weeden with Albert Edwards and James Montier of Société Générale is republished in this post. They are, in a word, skeptics, and at this juncture most deeply skeptical of any and all notions that "the worst is over". The recession, which has barely begun, is more likely to be deep than shallow, market valuations are hideously expensive and the "flation" policymakers should be worried about starts with de-, not in-.

Enjoy the read.
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