© Lucas Jackson / Reuters
The Guardian: Sell everything ahead of stock market crash, say RBS economists
Royal Bank of Scotland warns of ‘cataclysmic’ year with slumps in shares and oil and advises clients to shift to bonds.
Investors face a “cataclysmic year” where stock markets could fall by up to 20% and oil could slump to $16 a barrel, economists at the Royal Bank of Scotland have warned.
In a note to its clients the bank said: “Sell everything except high quality bonds. This is about return of capital, not return on capital. In a crowded hall, exit doors are small.” It said the current situation was reminiscent of 2008, when the collapse of the Lehman Brothers investment bank led to the global financial crisis. This time China could be the crisis point.
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WNU Editor: And people say that I am a pessimist.
More News On The Royal Bank Of Scotland Economists Issuing A "Sell Everything" Recommendation
Sell everything! 2016 will be a 'cataclysmic year,' warns RBS -- CNN
Royal Bank of Scotland warns clients to ‘sell everything’ -- Washington Times
RBS cries 'sell everything' as deflationary crisis nears -- The Telegraph
‘Sell Everything’: Global Bank Warns Investors of Coming Financial Crisis -- NYMag
RBS tells investors: 'sell everything' as crisis nears -- RT
‘Sell everything’ – here’s the incendiary RBS warning on deflation, risk and the next crash -- The Spectator
RBS Warns: Sell Everything -- WSJ
Notorious 'uber bear' Albert Edwards warns world is headed for another 2008 crash -- The Telegraph
1 comment:
WNU Editor,
As one CBC financial pundit noted, this is the same RBS that so mismanaged their own investments that they were one of the cornerstones of the Financial Crisis,
Got bailed out by the Govenment,
But have the same people who mismanaged them into failure, still in charge.
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