Albert Edwards: The PBoC Is Running Out Of Time Only “Months Left” To Stop CollapseRupert Hargreaves
China's FX reserves could fall to $2.8 trillion, the lower end of the IMF's recommended range within a few months, which could spark a tidal wave of speculative selling, forcing the People's Bank of China (PBoC) to throw in the towel and let the market decide the level of the renminbi exchange rate -- that's according to Société Générale's perma-bear Albert Edwards.
In this week's issue of Société Générale's Global Strategy research note, Edwards writes that "China has exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
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