Bill Ackman’s big warning comes amid spooky GFC echoes
As bond yields hit levels not seen since before the 2007 crash, hedge fund titan Bill Ackman sees a wall of worry for investors in a higher-for-longer world.
Albert Edwards, the notoriously bearish strategist at Société Générale, was among the first to note the parallels between the recent surge in bond yields and the events of late 2007, just before the GFC.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
