Albert Edwards: The US bubble will burst

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Always sobering and usually right…eventually. I agree with much of the below but don’t think we are there yet.

Albert Edwards of Societe General bears it up!


 Existing trends were pushed to new extremes in 2024. The idea of US equity market exceptionalism has taken such deep root that it’s impacting so much else, including the strength of the dollar as foreign savings pour into US Tech stocks.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.