ECONOMIC PESSIMISTS GAIN CACHET
Albert Edwards
Albert Edwards  an investment strategist in London for the French bank Societe Generale  considers the debate a waste of time. To be specific  he forecasts a "bloody  deep recession" that produces a stock market collapse of at least 60 percent  followed by years of inflation of 20 percent to 30 percent as the persistent printing of money by central banks desperate to improve the situation sends prices soaring.
 Once frequently shown the door by disbelieving clients  Edwards recently drew 600 investors to a conference in London.
 Further afield  Raoul Pal  a former Goldman Sachs derivatives expert and hedge fund manager  has attracted a growing following with his monthly research note that  most recently  predicted a depression in the United States similar to that of the 1930s and eventual bankruptcy for Britain.
 But if investors had been following the advice of Edwards or Pal over the last month as stocks have bounced back  they would have lost money  as both men readily acknowledge. Edwards has advised investors to be heavily underinvested in all equities  and Pal is betting against the U.S. stock market as well as shorting the euro.
 As for whether central banks can rescue their economies through a fresh round of money injection  both Pal and Edwards are skeptical.
[TGT]considers the debate a waste of time. To be specific  [TGT] forecasts a "bloody  deep recession" that produces a stock market collapse of at least 60 percent  followed by years of inflation of 20 percent to 30 percent as the persistent printing of money by central banks desperate to improve the situation sends prices soaring.
 Once frequently shown the door by disbelieving clients  [TGT] recently drew 600 investors to a conference in London.
 Further afield  Raoul Pal  a former Goldman Sachs derivatives expert and hedge fund manager  has attracted a growing following with [TGT] monthly research note that  most recently  predicted a depression in the United States similar to that of the 1930s and eventual bankruptcy for Britain.
 But if investors had been following the advice of [TGT] or Pal over the last month as stocks have bounced back  they would have lost money  as both men readily acknowledge. [TGT] has advised investors to be heavily underinvested in all equities  and Pal is betting against the U.S. stock market as well as shorting the euro.
 As for whether central banks can rescue their economies through a fresh round of money injection  both Pal and [TGT] are skeptical.