Société Générale Securities Services

Dovish tightening cycle

Warning of consumer credit bubble

'Shocking slump' into outright deflation

Warwick Newbury to step down

Credit bubble primed to burst with recessionary consequences

Inevitable recession will wreak 'havoc'

Warns of 'inevitable' financial crash

Remains positive on bonds

Expects S&P to fall to a new low

Fiscal expansion will come too late