Albert Edwards: investors are missing the real danger

Investors are worrying about the US and China, and US interest rates, but the real danger is higher US tariffs on German cars, says Society Generale's Albert Edwards.

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Albert Edwards, global strategist, Societe Generale
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Investors are spending most of their time fretting about two "big picture" issues right now, says Albert Edwards, Societe Generale's famously bearish global strategist. Number one is the risk that trade tensions between the US and China escalate into a full-blown trade war. Number two is the risk that rising US wage inflation encourages the Federal Reserve to raise US interest rates more rapidly. However, investors may well be missing the real danger: the risk of higher trade tariffs being imposed on European (German) cars.

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