US economy is headed for recession and the Fed will be held responsible, SocGen bear warns

ArticleDebt crisis April 3, 2018 - 8:27:00 AM

A U.S. recession is coming, says Societe Generale's Albert Edwards.

With credit card delinquencies rising sharply at smaller banks, Societe Generale's uber-bearish strategist Albert Edwards has predicted that the U.S. economy is headed for recession.

"Markets are now sniffing out a rising stench," Edwards claimed in his latest research note, published Thursday.

Edwards said a flattening of the U.S. yield curve — where the difference between short-dated and longer-dated U.S. Treasury yields narrow — was revealing investor fears about the economic recovery, despite punchy data related to consumer and business optimism...


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