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The view from a long-standing stockmarket bear

IN UNCERTAIN TIMES Albert Edwards is someone you can rely on. For more than two decades, latterly as global strategist at Societe Generale, he has been a steadfast prophet of gloom. As he stood to address the 400 or so investors gathered at his annual conference (or “bear-fest”) in London this week, he made a typically confident forecast. “We work at a French bank,” he said. “So we’ll be sure to get you away by five o’clock.”
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