Friday Morning Coffee Nr. 53: Retiring from the frost to the sunny beaches!

180419 Friday Morning Coffee

Friday Morning Coffee Nr. 53: Retiring from the frost to the sunny beaches!

The narrative economists use in their explanations can be very colorful and entertaining. Albert Edward for example, the famous perma-bear strategist from Société Générale, has been warning regularly of an imminent economic Ice-Age. He hereby means that markets in the West were about to follow the example set by Japan, suffering violent deflation, bond yields heading to zero and a collapse in equity values similar to what happened when the Japanese bubble burst at the end of the 1980s. Interestingly enough, he holds that view for some 25 years now ...