Central bankers are going to destroy the “enfeebled” global economy and cause chaos across the world, according to notorious perma-bear Albert Edwards. Edwards, a strategist with Societe Generale, is about as bearish as they come. So far this year he has predicted that the US stock market will fall by 75%, argued that we might be heading for another massive global recession, said China will be forced to float the renminbi, and predicted a “tidal wave” of corporate defaults in the US.
As the voice of the market bears — people who think imbalances in the financial system will lead to a collapse — Edwards’ latest apocalyptic prediction focuses on the role of central bankers in what he sees as an inevitable economic collapse. FULL REPORT