Albert Edwards
@albertedwards99
Economist, Global Strategist & uber bear. High point of 40y career in The City? Invented the term "Noddynomics". Surely there's more!
1.6K Following 39.3K Followers
This comment below is wrong. It will end badly because US consumption needs the SR to keep falling to maintain rapid growth, well ahead of c.0% income growth. As soon as the SR stops falling, C grows in line with Y. And if the stock maket falls and the SR rises, C is in trouble.
H/T @dailychartbook
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