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2016-02-05

Edwards: China is burning through its foreign-currency reserves at such a blistering pace that the country will run down its cushion in a few months

“The market remains content that massive firepower remains to support the renminbi. It does not,” Edwards, a perma-bear with a propensity for doom-and gloom-prognoses, said in a report.

China is burning through its foreign-currency reserves at such a blistering pace that the country will run down its cushion in a few months, forcing the government to wave the white flag and float the yuan

http://www.msn.com/en-us/money/markets/socgen-claims-china-is-only-months-away-from-burning-through-its-currency-reserves/ar-BBp8A64


SocGen: brace for a 2008-style crash and US stocks to fall by 75pc
Notorious "uber bear" Albert Edwards warns that the world is about to "reap the whirlwind" of the US Fed's quantitative easing
Peter Spence, Telegraph Economics Correspondent, 13 January 2016

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