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Albert Edwards: "It Feels Similar To Just Before The 1987 crash"

Add SocGen's grouchy permabear Albert Edwards to the growing list of bond bears. In his latest letter, the SocGen strategist echoes what we have said earlier this week, namely that equities are wobbling as yields rise above key threshold levels, and says that he agrees "with the bond bears that US yields will continue to rise, causing more problems for equities"... with one footnote, a predictable one: "I do not believe bond yields have yet seen a secular bottom.
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