torsdag 27 september 2012

Société Générales Edwards är inte positiv...

Latest piece from ALBERT EDWARDS (Soc Gen)

Lowering equity weighting to minimum - “The Fed will destroy the world”
  In 2005 when Alan Greenspan was being hailed as a “maestro” I wrote that his policies would ruin the world and history would judge him to be “an economic war criminal”. I now think Ben Bernanke’s policies will prove even more ruinous than Sir Alan’s (yes unbelievably he still retains his honorary knighthood). Hence we are lowering our equity weighting to 30%, the minimum possible. The last time I did this was 8 May 2008.

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