Albert Edwards is the Societe Generale strategist who has a penchant for being bearish. He was even featured by The New York Times as a permabear.
You may disagree with him, but we at Business Insider can't help but at least be entertained by his liberal use of analogies and hyperbole.
His colleague Dylan Grice is no slouch either. Last month, Grice unapologetically charted German unemployment rates against the rise of the Nazis.
Anyways, we compiled some of Edwards best quotes that put a little bit of fear in our hearts.
"Chickens coming home to roost get crushed by debt mountain!"
In early November, Edwards published a note titled: "Chickens coming home to roost get crushed by debt mountain!" He discusses Greece's austerity measures.
Our punchy Rates Strategy team make a valid point worthy of repeating. As an example of how long it could take to work through a massive austerity programme, it was only in 2010 that Germany made the last payment required by the Treaty of Versailles from 1919, which called for reparations of what would be the equivalent of 325bn in todays currency...
Source: Societe Generale
"Then we will see whether this patient can keep up its frenetic Irish jig in the absence of extreme stimulants."
In his May note, Edwards warned that the end of QE2 would be a major test for the markets.
We await the end of QE2 in June. This will really sort the sheep from the goats. Then we will see whether this patient can keep up its frenetic Irish jig in the absence of extreme stimulants. I am in the camp (tent) that believes that QE1 and QE2 have driven equity prices which have, in turn, fueled the economic recovery.
Source: Societe Generale
"The notion that we are in a sustainable economic recovery is as ludicrous as it was in 2005-2007."
The quote above was from last December, and it's pretty self explanatory. In his note, he reminds us that he's not much of a fan of Ben Bernanke either.
Unlike Ben Bernake [sic], I like to retain some sense of humility. And it's at times like these that I really start to think I haven't got a clue what is going on anymore. It really is a mad, mad, mad world. Although on the sell-side I think I remain a lone voice of bearishness, there are other commentators who share my extreme skepticism of the current situation.
Source: Societe Generale
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