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"The biggest bubble in recent history is heading for the mother of all hard landings," writes...

  • Thursday, May 3, 2012, 7:28 AM ET
    "The biggest bubble in recent history is heading for the mother of all hard landings," writes SocGen's Albert Edwards, tagging onto his bearish partner-in-crime Dylan Grice's analysis of Australia. Channeling Minsky, Edwards notes the lack of volatility in Oz's economy (no recession since 1991) leads to an excessive build-up in debt and a "bigger crash down the road."
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    I'd agree that the Australian situation is not good, but it's surely not the "biggest bubble in recent history"...not as long as Ben Bernanke's ego exists.
    3 May 2012, 07:44 AM Reply Like
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