SocGen's Albert Edwards: 'Fragile' US economy will be exposed

In contrast to Trump's "Marmite" character, however, Edwards noted how investors had "gorged" themselves on his tax reform. US equity markets have been in a euphoric state since Trump passed his historic Tax Cuts and Jobs Act reform, which saw corporation tax cut from 35% to 21%. He added Trump's fiscal stimulus was ill-timed for where the US economy is in the economic cycle but "perfect" for the electoral cycle. US midterms: Damp squib or another 'sugar rush' for US economy? "People either love or loathe Trump. He is like Marmite," Edwards said. "But you have to be wary when bi...