Today, in his latest note, Edwards doubles down on his assertion that a China hard-landing may be “the grey rhino that investors are ignoring” even as he once again admits that “naysayers, such as I, have consistently been proved wrong about the ability of China’s policymakers to successfully navigate choppy waters without capsizing the economic ship. And it is wholly natural that investors, having been proved overly bearish about the economy in the past, have given up worrying about a Chinese hard landing – but now that ship looks to be taking on water once again.”
