Global economy is like Titanic, About to sink 'below the Icy Waves'

There are cynics, there are naysayers, and then there’s Albert Edwards of Societe Generale, who is in a League of Doom all of his own. Edwards is probably the most notoriously bearish analyst in the world of finance, and is given to grand proclamations about the (broken) state of the world.

So far this year he has predicted a “tidal wave” of corporate defaults in the US; argued that central bankers are going to destroy the global economy and plunge the world into chaos; and said that we could concrete over the whole of Britain and house prices would keep rising. READ MORE