The trade war would bring forward the next financial crisis sooner than expected.
Albert Edwards says his bearish thesis for the economy may be unfolding sooner than he expected.
The Societe Generale global strategist has long warned about the threat of deflation, driven by countries like China devaluing their currencies to make exports more attractive. The end result would be a collapse comparable to the 2008 crash, he has said.
Edwards now points to the Trump administration's trade policy as another catalyst that could hasten the next crisis. Recent tariffs the US imposed on steel and aluminum imports threaten a full-scale trade war, he noted...