In today’s issue: Michael Savage warned his listeners that history is about to repeat itself.
He said that if he had the time, he would talk about the medieval Crusades and “what happened that saved Christianity.”
Over the last decade, I’ve found my opinions coinciding more and more with those of SocGen strategist and “uber-bear” Albert Edwards. Last week he hit the headlines again with a claim that a “gut-wrenching slump” in profits amounts to an almost-certain predictor of recession. While the historic evidence for this is compelling, I’m not so sure this time couldn’t be slightly different — at least in terms of causes and effects. Continue reading