“You have to love this: The title of Albert Edwards’ latest note is: The biggest bubble in recent history is heading for the mother of all hard landings.
So what’s that bubble?
Australia!
Edwards’ post is building off the work of his colleague Dylan Grice, who wrote about an Australian bubble built on the back of a China bubble in his recent note.
So what’s Edwards’ big complaint with Australia? ”
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It is booming over there. Guys with zero education making over $150k Aussie $ driving a truck for a mining company. Can’t last forever
Fidel’
Hope they enjoy the ride!