Société Générale's bearish analyst Albert Edwards has said the "unelected and unaccountable" central bankers who caused the global financial crisis will be - and "should be" - the next casualty of the current political landscape.
Permabear Edwards said central bankers would be "sacrificed at the altar" as political turmoil continues to shows no sign of waning. He said: "There is no recognition at all by central bankers that it may well be their own easy money and zero interest rate policies that are actually causing the stagnation in growth while at the same time wealth inequality surges to intolerable heights. "Yellen et al will inevitably be sacrificed at the altar of political expediency as citizen rage explodes." Despite the "establishment" breathing a sigh of relief after the far right failed to win th...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes