What podcasts say about Albert Edwards
Every statement, with the speaker, the exact quote and the moment it was said.
What Albert Edwards has said on podcasts
33 statements · 6 positive · 26 negative · 1 mixed
The Fed needs to raise rates by 200 basis points.
“We need to do 200 basis points.”
Open the episode · SocGen’s Albert Edwards on 10% Yields and a 50% to 60% Drop | #656Listen at 0:52
U.S. 10-year Treasury yields will reach 10%.
“On a longer term base, US 10-year yields are going to 10%.”
Open the episode · SocGen’s Albert Edwards on 10% Yields and a 50% to 60% Drop | #656Listen at 0:54
The S&P 500 will eventually decline 50% to 60%.
“We'll be seeing the S&P down 50 or 60% at some stage. That I am certain.”
Open the episode · SocGen’s Albert Edwards on 10% Yields and a 50% to 60% Drop | #656Listen at 1:19
Without AI-driven earnings expectations, equities would have fallen 20% to 25%.
“Otherwise, hey, we would be down 20%, 25% without these earnings expectations from the AI investment boom.”
Open the episode · SocGen’s Albert Edwards on 10% Yields and a 50% to 60% Drop | #656Listen at 4:08
Tightening liquidity signals that the market rally is ending.
“liquidity situation is really beginning to slow down and tighten here. And that, that. I think is a red flag. That is, I think, is a sign the party is ending.”
Open the episode · SocGen’s Albert Edwards on 10% Yields and a 50% to 60% Drop | #656Listen at 8:31
Government bonds have entered a multi-decade bear market.
“we would go into a multi-decade bear market for bonds.”
Open the episode · SocGen’s Albert Edwards on 10% Yields and a 50% to 60% Drop | #656Listen at 12:43
Higher bond yields now imply lower equity prices.
“Higher bond deals now. mean lower equity prices, there's positive correlation.”
Open the episode · SocGen’s Albert Edwards on 10% Yields and a 50% to 60% Drop | #656Listen at 12:56
“Probably more like six, I imagine, rather than 19 now.”
Open the episode · SocGen’s Albert Edwards on 10% Yields and a 50% to 60% Drop | #656Listen at 13:52
Fiscal dominance will force central banks to print money.
“Ultimately, central bankers will be co-opted as part of fiscal dominance and the debasement trade. Central bankers will be forced to print money.”
Open the episode · SocGen’s Albert Edwards on 10% Yields and a 50% to 60% Drop | #656Listen at 15:23
Politicians can sell fiscal consolidation only after a financial crisis.
“only way for politicians to sell it to a very irate irate and irritable electorate is if there's a financial crisis”
Open the episode · SocGen’s Albert Edwards on 10% Yields and a 50% to 60% Drop | #656Listen at 16:16
Large U.S. corporations have been largely insulated from higher interest rates.
“the corporates in this cycle are wholly, seem to be wholly immune to higher interest rates”
Open the episode · SocGen’s Albert Edwards on 10% Yields and a 50% to 60% Drop | #656Listen at 18:59
U.S. unit profits rose even as unit costs increased.
“unit costs went up. But unit profits went up at the same time.”
Open the episode · SocGen’s Albert Edwards on 10% Yields and a 50% to 60% Drop | #656Listen at 22:05
Corporate margins are rising because of greedflation.
“margins soaring again, because of greedflation.”
Open the episode · SocGen’s Albert Edwards on 10% Yields and a 50% to 60% Drop | #656Listen at 24:40
The Fed needs to raise rates 200 basis points quickly.
“We need to do 200. basis points. And we need to do it pretty quickly because we got behind the curve again.”
Open the episode · SocGen’s Albert Edwards on 10% Yields and a 50% to 60% Drop | #656Listen at 25:18
A 100-basis-point yield increase would severely damage equities.
“suddenly jumps up 100 basis points, then it's curtains for the equity market”
Open the episode · SocGen’s Albert Edwards on 10% Yields and a 50% to 60% Drop | #656Listen at 25:41
China’s fiscal debt-to-GDP trajectory worsens faster than the U.S. trajectory.
“China goes off to infinity far, far quicker.”
Open the episode · SocGen’s Albert Edwards on 10% Yields and a 50% to 60% Drop | #656Listen at 30:37
China’s credit impulse has collapsed over the past year.
“the china impulse has collapsed over the last year”
Open the episode · SocGen’s Albert Edwards on 10% Yields and a 50% to 60% Drop | #656Listen at 31:21
China’s economy is continuing because of AI and exports.
“Their economy is ticking along OK because of AI and exports.”
Open the episode · SocGen’s Albert Edwards on 10% Yields and a 50% to 60% Drop | #656Listen at 31:32
China will maintain restrictive monetary policy rather than expand credit aggressively.
“we're going to keep it tight. We're not going to kick the can down.”
Open the episode · SocGen’s Albert Edwards on 10% Yields and a 50% to 60% Drop | #656Listen at 33:42
Heavy issuance pushes yields higher unless offset by money printing.
“everything else being equal, that will push up yields unless there's money printing”
Open the episode · SocGen’s Albert Edwards on 10% Yields and a 50% to 60% Drop | #656Listen at 36:18
The U.S. AI investment story resembles the Asian miracle and is a mirage.
“This story, in a way, is no different to the Asian miracle. It's a mirage.”
Open the episode · SocGen’s Albert Edwards on 10% Yields and a 50% to 60% Drop | #656Listen at 39:29
Tightening liquidity will block AI investment returns before they materialize.
“with tightening liquidity, maybe even if that's true, we're not going to get that far down the road. There's going to be a liquidity roadblock”
Open the episode · SocGen’s Albert Edwards on 10% Yields and a 50% to 60% Drop | #656Listen at 39:44
A recession is the major underpriced market risk.
“The biggest risk which is not being priced in and is considered inconceivable at the moment is a recession.”
Open the episode · SocGen’s Albert Edwards on 10% Yields and a 50% to 60% Drop | #656Listen at 41:11
Most Federal Reserve tightening cycles end in recession.
“Most Fed tightening cycles end in recession”
Open the episode · SocGen’s Albert Edwards on 10% Yields and a 50% to 60% Drop | #656Listen at 42:18
Investors should buy commodities or value stocks as equity-market inflation hedges.
“I think you want to buy inflation hedges within the equity market, whether they're commodities, whether they're value stocks or whatever.”
Open the episode · SocGen’s Albert Edwards on 10% Yields and a 50% to 60% Drop | #656Listen at 42:32
Bond yields will rise near term and fall during the next recession.
“the Bondios track back after going, they head up quite sharply in the near term, and then in the next recession, head down.”
Open the episode · SocGen’s Albert Edwards on 10% Yields and a 50% to 60% Drop | #656Listen at 42:59
Brent spot prices near Shetland are about $150 per barrel.
“the spot rates for Brent, for example, up at Shetland, is about $150. a barrel”
Open the episode · SocGen’s Albert Edwards on 10% Yields and a 50% to 60% Drop | #656Listen at 44:16
Very high oil prices will feed into agricultural and food prices.
“the oil price is $150 to $200 a barrel. In reality, for the consumer, as he pointed out, this leaches into agriculture.”
Open the episode · SocGen’s Albert Edwards on 10% Yields and a 50% to 60% Drop | #656Listen at 46:36
Edwards will turn bullish on equities based solely on valuation.
“I'm hanging on in there, waiting to turn bullish on equities is valuation solely.”
Open the episode · SocGen’s Albert Edwards on 10% Yields and a 50% to 60% Drop | #656Listen at 49:21
The S&P 500 will eventually fall 50% to 60%.
“equities will hit the brick wall at some we'll be seeing the s&p down 50 or 60 percent at some stage that i am certain”
Open the episode · SocGen’s Albert Edwards on 10% Yields and a 50% to 60% Drop | #656Listen at 49:53
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.