– Re-Blogged From Newsmax
Stocks this year have surged to record highs on speculation that President Trump’s push for tax reform will help to boost the economy and give corporations a chance to reward shareholders with dividends and buybacks.
But the strong gains shouldn’t distract investors from some worrisome signs that portend of a market decline, Albert Edwards, global strategist at Societe Generale, said in a Nov. 15 report.
“Investors are beginning to punish the corporate debt and equity of highly indebted U.S. companies,” Edwards said. “Excess U.S. corporate debt is probably the key area of vulnerability that could bring down the QE-inflated pyramid scheme that the central banks have created.”
Albert Edwards (Societe Generale/Dollar Photo Club)