"Analyst Warns of Impending Recession and Questions AI's Market Influence as Potential Bubble"
Société Générale’s chief global strategist, Albert Edwards, known for his skepticism, is now questioning the hype around AI driving a surge in corporate profits and stock market highs, suggesting that loose monetary policy may be the real driver. Edwards, who previously coined the term "greedflation," believes that the current narrative of an AI-driven profit surge lacks sufficient earnings growth to support it. He argues that the stock market rally may be more about Fed-induced liquidity than AI, as monetary policy remains loose despite efforts to tighten it.