Edwards Sees Central Banks Strangling Economy While You See QE
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Albert Edwards has been warning investors to avoid stocks for the better part of two decades. His concerns have included the threat of deflation, asset bubbles and misguided central banks.
The global strategist at Societe Generale SA in London is adding a new worry to his list: a decline in currency reserves at the world’s central banks. That means a “key measure of global liquidity is now in freefall,” he said in a March 6 report to clients.