A renowned market bear who called the dot-com bubble warns Wall Street groupthink is wrongly leading investors to abandon recession forecasts — and says a ‘policy disaster’ is brewing as the Fed keeps rates high

• Albert Edwards warns a recession is coming despite Wall Street’s current optimism.
• The Societe Generale strategist argues the Fed is making a mistake holding interest rates high.
• Indicators like rising unemployment and falling small business hiring plans show weakness, he says.

When Albert Edwards was a young student, his teachers didn’t find him particularly agreeable, the Société Générale strategist says.