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Albert Edwards: Deflation shock dead ahead


MacroBusiness
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I get by with a little help from my friends. Albert Edwards of SocGen with the note:
The unravelling of the inflation/reflation trade has accelerated over the past week.US 10y bond yields continue to decline and have now broken a crucial technical level. This could see the rally accelerate sharply, and with it, the continued unravelling of cyclicals and commodities.
 I absolutely still believe that during the course of this economic cycle, we have begun to move away from The Ice Age secular theme into what I have dubbed The Great Melt (OK I know it sounds like a giant Swiss fondue but it is also the title of a BBC David Attenborough documentary–link). ....

David Rosenberg , China Credit , Chinese Credit Impulse , Atlanta Fed , டேவிட் ரோசன்பெர்க் , சீனா கடன் , அட்லாண்டா ஊட்டி ,