Wednesday, October 15, 2014

Producer Prices Come In At Negative .1% For September: Pray SocGen's Albert Edwards Is Wrong

Here's the Bureau of Labor Statistics' PPI page: -.1%/+1.6% YoY, blah blah, blah.

Although he came up with his Ice Age thesis some 15 years ago (and made a big mistake not accounting for the, ummm, dynamism of the Fed) for the last year Edwards has been getting more and more strident in his deflation calls. The latest we had was Oct. 3:
"Albert Edwards Says Watch Japanese Yen and Be Very Afraid"
 The Japanese yen goes into freefall. China’s fragile economy tips over the edge. A wave of profit-crushing deflation comes washing over the U.S. and Europe. Investors panic....

Some of the other mentions this year:
Jan. 14
Live: The Albert Edwards Experience!
Jan. 15
More on The Mind of Société Générale's Albert Edwards
Feb.6
Société Générale's Albert Edwards Descends Into A Nightmare World of Dream Demons and Market Depravity
Business Insider Jan. 16
ALBERT EDWARDS: We're On The Cliff Of Deflation And Markets Don't Seem To Care
Advisor Perspectives Jan. 21
Albert Edwards and Dylan Grice: Bearish Forecasts from Two Top Strategists
CNBC Apr. 24
Global deflation looms, warns SocGen bear Albert Edwards
April 24
Société Générale's Albert Edwards Is Worried
Yes, I know. Fire hot, water wet, Albert bearish, see also: tautonym.
Aug. 28
Much, Much More From Société Générale's Albert Edwards (28Aug2014)
UPDATED--Société Générale's Albert Edwards Is ALIVE!