Société Générale's Albert Edwards: In Addition To 1 Looked, In Addition To Behold A Pale Horse: In Addition To His Elevate That Sat On Him Was Death, In Addition To Hell Followed Amongst Him

In other news...
 
Albert wasn't truly quoting Revelation 6:8, only analogizing.

From ZeroHedge: 
Albert Edwards: "Equity Investors Are Facing The Four Horsemen Of The Apocalypse"

Even SocGen's Albert Edwards was surprised at how chop-chop his latest predication was validated.

Recall that 3 weeks agone with the 10Y yield at 3.10%, alongside Edwards looking at the surge higher inwards 10Y Yields the SocGen strategist pointed out that the suspension inwards the 10y higher upwards 2.8% was non the key grade that could grade the terminate of the secular bull market, but rather it was the 3.05% zone every bit shown inwards the nautical chart below

Commenting on this breakout, he said that rates powerfulness surge farther as well as addressed whether this would hateful the terminate his "Ice Age" thesis. As he noted, if investors “get the incorrect side of a novel multi-year acquit marketplace seat inwards regime bonds, all investment  portfolios volition live on shredded to ribbons every bit bonds are the cornerstone of most equity valuation models”.

Fast forrard to today when inwards his latest banking concern annotation he writes "let me live on totally honest: I was most surprised that the the States 10y yield managed to strike through its multi-decade downtrend concluding week, mainly due to the fact that the CFTC information showed that speculators had already built unprecedented large curt positions. It seemed that every man, adult woman as well as child was already bearish as well as and thus who was left to sell? Well clearly someone was! One matter that helped tip bond prices over the border as well as create got yields upwards to 3¼% was the fundamental back upwards from stronger than expected economical information (see nautical chart below). "

Another constituent for the latest breakout inwards yields which pushed the 10Y involvement charge per unit of measurement to fresh seven years highs was the previously discussed economical exuberance past times Fed Chair Powell who managed to convince markets that they were all the same besides sanguine on their expectations on involvement rates, "and the futures strip ratcheted upwards some other notch towards the Fed dots.".

 ..MUCH MORE

We haven't linked much to Mr. Edwards this year.
The Financial Times' Paul Murphy had an article inwards the newspaper inwards June but nosotros got to it besides slowly as well as it languished inwards the link-vault. Here's "Albert Edwards says his ‘Ice Age Thesis’ is coming ".

Our concluding slice was inwards Apr where I got to riff of of Game of Thrones i time again as well as hollo back some previous headlines:

Société Générale's Albert Edwards Says "My Reputation For Calling Stocks Is In Tatters"

Well duh. He's been stubbornly fighting the key banks for a decade, a trait he shared alongside beau acquit David Rosenberg until Rosie flipped a few years agone as well as caught the concluding 35% or as well as thus of the upwards move.
But it isn't for the equity calls that Albert gets paid, as well as they're non why pros all the same withdraw heed to him:

The House Fed has thwarted his House Stark at every turn.
Now he's getting fix to scroll but it may live on besides slowly for him.

"I fought. I lost. Now I rest. But you, Lord Snow… you'll live on fighting their battles forever."

Albert addressing some other standing room exclusively investment conference crowd

Last seen inwards "Société Générale's Albert Edwards: Winter Is Coming".

Albert's twenty-year bullishness on bonds as well as what declining yields tell us almost the underlying economic scheme is why SocGen keeps him around....

...Over the years we've had some fun at Albert's expense. As noted inwards a 2017 post:

Every fourth dimension I am asked why nosotros post service on Mr. Edwards "when he's been incorrect as well as thus often" I ground whether to explicate or only give a glib answer.
The flippant rationale would live on nosotros larn to become alongside headlines such as:

Société Générale's Albert Edwards Descends Into H5N1 Nightmare World of Dream Demons as well as Market Depravity
Société Générale's Albert Edwards: "Many Think I am Mad..."  
Société Générale's Albert Edwards Sees Blue Skies, Sunshine, the Lame Shall Walk Again
Of course of report it's possible I create got misinterpreted the pregnant of
"the the States economic scheme is on crutches, as well as they are almost to live on kicked away"

Société Générale's Albert Edwards Has Some Troubling News He Reluctantly Shares
Société Générale's Albert Edwards Not His Usual Jolly Self (II)
Société Générale's Albert Edwards: "I Have Been Wrong – I’ve Been Too Bullish"
It May Be Time To Put Société Générale's Albert Edwards On Suicide Watch
Société Générale's Albert Edwards: Cry Havoc as well as Let Slip the...Ah Screw it

And many, many more.
The straight-up respond is: I can't think of anyone else who nailed the deflationary bias inwards credit markets every bit good every bit he has for every bit long every bit he has, pretty much the concluding 15-20 years.
And every bit far every bit equities go, absent the extraordinary measures of the world's key banks the landscape would facial expression very, real different.

The biggest criticism you lot tin lay on the guy is he didn't realize what he was upwards against re: the powers that be.
Plus that whole Albert-in-the-bathtub catamenia was only stupid.
You create create got to live on careful you lot don't personally larn into a David Koresh/Jim Jones-Drink-the-Kool-Aid frame of withdraw heed when gazing upon the night side, whether Albert or Ambrose Evans-Pritchard or Jim Chanos. I hateful it's okay to play around alongside melancholy:

Music For Albert Edwards. On H5N1 Cold Day. In February
In F apartment minor.* 
And it's raining.

Season's Greetings From Société Générale's Albert Edwards (Nov. 14, 2012)
 Expect the New Year's Day to convey nix but disappointment....

But live on attuned to when to create got Mr. Edwards alongside utmost seriousness. 
From:
UPDATED *****Alert***** Société Générale's Albert Edwards Bearish *****Alert***** (Sept. 6, 2011)
We passed a 3 twelvemonth anniversary yesterday.
On September 5, 2008 nosotros posted "Meltdown"-Société Générale" which linked to Albert's inquiry banking concern annotation of a span days earlier:

***Alert****Economic as well as equity marketplace seat meltdown imminent****Alert***

H5N1 proficient call.

On September 7, 2008 Fannie Mae as well as Freddie Mac were placed into conservatorship.
On September 14, 2008 Merrill Lynch agreed to live on acquired past times Bank of America to avoid a Reg. T shut-down when markets re-opened.
On September xv Lehman filed their bankruptcy petition.
On September sixteen AIG became a 79.9% subsidiary of the U.S. of A. Treasury.

Within 10 to a greater extent than days the Nation's largest thrift, WaMu was seized as well as 5 days afterwards Wachovia gobbled up.

Good times, proficient times.

So create got what you lot tin role as well as brand dumb headlines alongside the remainder