Société Générale's bearish strategist Albert Edwards has warned the current market situation is "even worse" than the lead-up to the Global Financial Crisis (GFC) as policymakers are "so scared" of financial bubbles bursting, they are putting the needs of Wall Street before the needs of the economy.
By central banks flagging when they intend to hike rates, Edwards said the predictability compresses risk premia, which in turn encourages higher leveraging and risk-taking. This meant the current tightening...
Headed up by Penny Kyle
Ex-Standard life manager Angela Burns
Latest news and analysis
Talking Strategies: The number of companies in Asia with higher payout ratios have grown since the mid-1990s, but some investors remain wary of searching for income in Asia and Japan. In this video, Jupiter's Jason Pidcock and Dan Carter explain why this...