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ALBERT EDWARDS: The economy looks like what 'I saw before the 2008 Global Financial Crisis'

Albert Edwards does not agree with Larry Summers. Societe Generale's über-/perma-bear strategist laid out another dire, debt-fueled prediction in a note to clients on Thursday, warning that the problems with central banks and increasing debt looks like what he saw "before the 2008 Global Financial Crisis." In it, Edwards recounts a trip to New York City for a conference at which Larry Summers spoke about his "secular stagnation" thesis.
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