Slumping U.S. profits now makes a recession appear inevitable, according to Societe Generale analyst Albert Edwards. Edwards argues the steep decline in U.S. whole-economy profits that has been recorded in recent quarters is almost always a sign of a recession on the horizon.
Edwards believes this recession could be particularly bad because of the way the Federal Reserve has handled interest rates in recent years. He contends interest rates have pumped up the S&P 500, and ...
/www.benzinga.com/analyst-ratings/analyst-color/16/04/7814836/socgen-recession-is-virtually-inevitable alt=SocGen: Recession Is 'Virtually Inevitable'>Full story available on Benzinga.com
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