The man who trades freedom for security does not deserve nor will he ever receive either. – Benjamin Franklin
– “Western Central Banks Have Set Us Up; You’ll Hear The Printing Presses From Mars” (ZeroHedge, July 31, 2015):
As Marc Faber said at SocGen’s January conference, if he could short central banks directly he would do so, but gold is the next best thing; and despite it being sucked into the general commodity malaise, Albert Edwards says “Gold is a must-have holding in this world.”
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– Chart Of The Day: “Japan Has No Alternative But To Print And Print And Print” (ZeroHedge, Oct 22, 2013)
Today’s Chart of the Day comes by way of SocGen’s Albert Edwards who in one image shows why, with gross debt issuance needs between budget funding and rolling maturities at 60% of GDP, Japan has no choice but “to print and print and print“
– When Bubbles Fail: Albert Edwards Explains What Happens When The Fed Can No Longer Contain The Fury Of The “99%” (ZeroHedge, Sep 27, 2013):
The premise in Albert Edwards’ latest letter “Is the Fed blowing bubbles to cover up growing inequality… again” is simple: the unprecedented social inequality in the US (and the rest of the world – as pointed out here), and what it will ultimately lead to. Regarding what it will lead to, Edwards believes, is that “growing inequality drains the swimming pool dry. The crunch, when it comes, will be ugly.” Simple enough.
