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

Well duh. He's been stubbornly fighting the fundamental banks for a decade, a trait he shared alongside boyfriend deport David Rosenberg until Rosie flipped a few years agone in addition to caught the terminal 35% or in addition to then of the upwards move.
But it isn't for the equity calls that Albert gets paid, in addition to they're non why pros withal take away heed to him:

The House Fed has thwarted his House Stark at every turn.
Now he's getting gear upwards to curl but it may hold upwards besides slow for him.

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

Albert addressing some other standing room entirely investment conference crowd

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

Albert's twenty-year bullishness on bonds in addition to what declining yields order us nigh the underlying economic scheme is why SocGen keeps him around.

Here he is via ZeroHedge:

SocGen's permabear skeptic Albert Edwards is best known for 1 thing: predicting that the fiscal globe volition goal inwards a deflationary singularity, 1 which volition shipping yields inwards the the States deep inwards the negative, in addition to which he showtime dubbed ii decades agone every bit the "Ice Age." He is also known for casually in addition to periodically forecasting - as he did a few weeks ago inwards an interview alongside Barrons - that the S&P volition endure a historic crash, 1 which volition shipping it dorsum nether the March 2009 depression of 666.
In this context, a duad of recent events caught Edwards' attention.

First, speaking of the abovementioned Barron's interview, Edwards was taken aback past times 1 commentator who took the SocGen strategist to chore for his relentless bearishness. Indirectly responding to the reader, inwards his latest missive of the alphabet to clients Edwards writes that "it’s proficient to conduct hold a lilliputian humility inwards this describe of piece of work organisation because it’s in addition to then darn humiliating when forecasts are proved wrong. And the bolder the forecast, the to a greater extent than humiliating it is!" He continues:

That is 1 argue why most commentators on the sell-side never stray besides far from consensus. When I was an avid consumer of sell-side interrogation some thirty years ago, at that topographic point was one  thing nigh the macro sell-side that I genuinely marvelled at – namely the analysts’ might to totally contrary a sentiment in addition to pretend that had been their sentiment all along! In the days before the cyberspace in addition to email, I had to rifle through our storage cupboards to detect the evidence of what were oftentimes 180 grade handbrake turns. In the cyberspace age, at that topographic point is no hiding whatsoever more. 

One of the most levelling experiences at the goal of an article or interview nigh my thoughts is to scroll downwardly in addition to read some of the readers’ comments. In my case, they oftentimes marvel that I am withal inwards whatsoever form of job at all! Some are witty in addition to brand me grin -– similar the 1 below inwards response to a recent interview I did alongside Barron’s.

Edwards refers to the comment titled "‘Prescient every bit a Broken Clock?" authored past times 1 Gordon Gould from Boulder, Colorado who writes:

“Barron’s notes that Société Générale’s Albert Edwards is a permabear (“S&P 500 Could Still Test 2009 Lows,” Interview, Apr 7). However, your readers would sure similar to know how some of his previous calls conduct hold turned out. Influenza A virus subtype H5N1 quick Google search revealed that nearly 5 years ago, Edwards called for the Standard & Poor’s 500 index to striking 450 in addition to gilt to transcend $10,000. While fifty-fifty a broken clock is right twice a day, perchance inwards Edwards’ case, we’re talking nigh a broken calendar on Saturn, which takes nigh 29 years to compass the sun.”

Albert summarizes his response to this comment eloquently, using simply 1 word: "ouch." Hit to his pride aside, Albert asks rhetorically "Where did it all teach in addition to then wrong?" in addition to explains that inwards the Barron’s interview, "I explicate why inwards my Ice Age thesis I withal await the States equity prices to autumn to novel lows inwards the adjacent recession." To hold upwards sure, this is familiar to ZH readers, every bit nosotros highlight every incremental slice from Edwards, because no affair if 1 agrees or disagrees, he ever provides the factual backing to justify his outlook, gloomy every bit it may be....MUCH MORE 

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 on Mr. Edwards "when he's been incorrect in addition to then often" I combat whether to explicate or simply give a glib answer.
The flippant rationale would hold upwards nosotros teach to teach alongside headlines such as:

Société Générale's Albert Edwards Descends Into Influenza A virus subtype H5N1 Nightmare World of Dream Demons in addition to 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 pedagogy it's possible I conduct hold misinterpreted the pregnant of 

"the the States economic scheme is on crutches, in addition to they are nigh to hold upwards 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 in addition to Let Slip the...Ah Screw it

And many, many more.
The straight-up respond is: I can't retrieve 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 terminal 15-20 years.
And every bit far every bit equities go, absent the extraordinary measures of the world's fundamental banks the landscape would facial expression very, really different.

The biggest criticism yous 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 simply stupid.
You produce conduct hold to hold upwards careful yous don't personally teach into a David Koresh/Jim Jones-Drink-the-Kool-Aid frame of take away heed when gazing upon the night side, whether Albert or Ambrose Evans-Pritchard or Jim Chanos. I hateful it's okay to play some alongside melancholy:

Music For Albert Edwards. On Influenza A virus subtype 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 select goose egg but disappointment....

But hold upwards attuned to when to accept Mr. Edwards alongside utmost seriousness. 
From:
UPDATED *****Alert***** Société Générale's Albert Edwards Bearish *****Alert***** (Sept. 6, 2011)
We passed a iii yr anniversary yesterday.
On September 5, 2008 nosotros posted "Meltdown"-Société Générale" which linked to Albert's interrogation banker's complaint of a duad days earlier:

***Alert****Economic in addition to equity marketplace position meltdown imminent****Alert***

Influenza A virus subtype H5N1 proficient call.

On September 7, 2008 Fannie Mae in addition to Freddie Mac were placed into conservatorship.
On September 14, 2008 Merrill Lynch agreed to hold upwards 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 US Treasury.

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

Good times, proficient times.

So accept what yous tin role in addition to brand dumb headlines alongside the residue