Posted on 01/12/2016 6:37:44 AM PST by 1Old Pro
RBS has advised clients to brace for a “cataclysmic year†and a global deflationary crisis, warning that major stock markets could fall by a fifth and oil may plummet to $16 a barrel.
The bank’s credit team said markets are flashing stress alerts akin to the turbulent months before the Lehman crisis in 2008. “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 in a client note.
(Excerpt) Read more at telegraph.co.uk ...
and he's worried about taking guns away and global warming - NUTS!
“Buy American Can and sit on it.”
(ie: find a solid company(s) that can weather a depression — and keep paying a dividend)
which high quality bonds spcifically?
This economy has been kept propped up by the media for 6 six years. Now that Obama is about to leave it will fall and it will be reported that it’s because the republicans took control of both houses.
While democrat statist policies are at the heart of the economic problems we face, Republicans bear a significant part of the blame for approving TARP, enabling the Fed to continue its currency bubble and acquiescing in government expansion at the expense of private enterprise.
Wherever the fault lies, we are all going to pay the price.
Damien walks the land.
If this happens, Trump will win 60/40
Correct. Ironically, since the market is a discounting mechanism the more economic turbulence and/or terrorist activity the more likely a Trump landslide and that in itself will help to stabilize U.S. markets. Rest of the world? Not so much.
Yes, this is the upside to a bad market year during the election. What I plan to do is (1) not sell into a depressed market — you do not lock in a loss until you get out and go to cash. (2) I plan to go back in when Trump is president elect. I expect a comeback in 2017 and it may start in the weeks after the election.
Buy as much cash as you can afford. In the bank or under the mattress.
Because RBS has such a great track record. There’s a reason Sir Freddie had his knighthood revoked. http://www.bbc.com/news/uk-politics-16821650
I’m gonna go with “under the mattress”.
So true
Are Jack Daniels, Jim Beam and Johnnie Walker publics?..................
Time to tie Hillary to Obama's economy.
lol
If it’s Jonny Walker you’re looking to invest in try Diageo
http://finance.yahoo.com/q/pr?s=DEO+Profile
current dividend yield is 4%
http://finance.yahoo.com/q?s=DEO
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