ALBERT EDWARDS: Here's what Larry Summers got wrong

Albert Edwards does not agree with Larry Summers.
Societe Generale's über-/perma-bear strategist laid out another dire, debt-fueled prediction in a note to clients on Thursday, warning that the problems with central banks and increasing debt looks like what he saw "before the 2008 Global Financial Crisis."
In it, Edwards recounts a trip to New York City for a conference at which Larry Summers spoke about his "secular stagnation" thesis.
Summers, who was Treasury Secretar