There has been much teeth mashing regarding central bank unconventional monetary policy and the potential for a monetary devaluation amid forthcoming Fed rate hikes. Well known central bank critic Albert Edwards looks at the situation with his Societe Generale’s clients who, likewise, "Many clients we meet have similarly apocalyptic views to our own but remain fully invested. They cannot see an immediate trigger for the financial Armageddon that they accept is heading slowly our way.. .” No one can see the trigger for what Edwards describes as “financial Armageddon,” but they recognize it is coming, he writes in a December 7 report, . But might the trigger be found within China rather than developed world central banks?
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