Albert Edwards is a strategist at Societe Generale who has a number of far out of left field views. Here are his most interesting thoughts:
Albert Edwards’ Bleak Crystal Ball Reveals Gold Above $10,000; S&P At 450 ; And Sub-1% Bond Yields
April 25, 2013 – “We still forecast 450 S&P, sub-1% US 10y yields, and gold above $10,000.” We will get enormous inflation, but we have to go through crushing Japanese style deflation first.
Why will gold go up as interest rates fall? “My own view is that the reasons
for owning gold have not changed. I expect imminent recession to be
more likely than imminent takeoff and hence the real yield (a key gold
driver) should remain low.”