RBS Warns: Sell Everything

Discussion in 'Politics' started by SuperCourse, Jan 12, 2016.

  1. SuperCourse

    SuperCourse Well-Known Member

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    RBS economists have urged investors to sell everything except high-quality bonds, warning of a “fairly cataclysmic year ahead.”
    Writing in a client note dated Jan. 8, the bank’s European rates research team said that clients should be concentrating on return of capital, not return on capital, and that an ominous outlook to the world economy “all looks similar to 2008.”
    The Key Points
    • The note is particularly bearish on China and global commodities, and predicts that oil could fall as low as $16 a barrel.
    • In a grim set of predictions, Andrew Roberts, head of European economics, rates & CEEMEA research said that the world has far too much debt to be able to grow well.
    • He also warned that advances in technology and automation are set to wipe out up to half of all jobs in the developed world.
    • The note says equities could fall 10% to 20%.
    • It predicts the year will be spent focusing on how to exit positions that have benefited from long-running QE, including emerging markets, credit and equities.
    http://blogs.wsj.com/moneybeat/2016/01/12/rbs-warns-sell-everything/
     
    falconfan and jimmy g like this.
  2. Rastus

    Rastus ..MAGA..

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    Frightening.
     
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  3. Woody

    Woody pecker Champion

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    Just sit on it till Hillary takes ovEr....lol
     
    jimmy g likes this.
  4. jimmy g

    jimmy g Kook AD-FREE USER

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    My favorite movie line: (by the Cowardly Lion from the Wizard of Oz)

    'I'd turn back, if I were you!'
     
  5. SuperCourse

    SuperCourse Well-Known Member

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    S&P could plunge 75% to 550, says SocGen perma-bear Albert Edwards

    According to Edwards, global strategist at Société Générale and prominent perma-bear, the stock benchmark SPX, -1.81% could falls as much as 75% from the recent peak of 2,100 to trade around 550. Edwards argues that stocks are already in a bear market—commonly defined as a 20% fall from a recent high—and that U.S. industrial production is shaky and could represent the beginning phases of a recession. That’s bad news for stock-market bulls.

    http://www.marketwatch.com/story/socgen-perma-bear-albert-edwards-sees-sp-plunging-65-2016-01-12
     
  6. Northern Flash

    Northern Flash Grocery Shopping. The Meat Department. AD-FREE USER

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    I'm not in a hurry to get older, but I wish that I was old enough to take my money and run before it's too late.:cuss:
     
  7. Magoo

    Magoo You don't have to be Einstein to figure it out

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    Better leave now for that place in the woods you have set up for when SHTF
     
  8. Northern Flash

    Northern Flash Grocery Shopping. The Meat Department. AD-FREE USER

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    I've got a little bit of work to do, but I've got time. You busy? Could use an extra set of hands.

    [​IMG]
     
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  9. ABFer

    ABFer Well-Known Member

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    A handyman's special.
     
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  10. 20_yrs_2_go

    20_yrs_2_go So we got that going for us, Wich is nice

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    im looking forward to automation / big business paying down our national debt.... Get the popcorn

    [​IMG]
     
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  11. Bubba74

    Bubba74 Well-Known Member

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    The economy is booming (just ask Barry)

    truth is markets always correct
    This economy has been propped up by smoke and mirrors and a bubble has been created
    Bubbles burst

    Hopefully it can hold out until after Barry leaves office so on January 22, 2017, the left can blame President Trump or President Cruz for wrecking the economy
     
  12. Magoo

    Magoo You don't have to be Einstein to figure it out

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    I'll second that!
     
  13. Magoo

    Magoo You don't have to be Einstein to figure it out

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    Robert Reich reads the same stuff you do, you might be a liberal.



    Robert Reich

    I don’t give out financial advice because my personal financial strategy has been to buy high and sell low. I continue to do this because, paradoxically, I hate to take risks. So given my excessive caution, I wait until something seems like a sure bet before I make a move. Yet what makes it seem like a sure bet is that just about everyone else has made the same bet before I do (especially Wall Street insiders). By then demand is artificially high. There’s no place for the market to go but down. (Similarly, I avoid certain vacation spots for fear they’ll be over-crowded and over-priced – until so many people tell me they’ve enjoyed being there that, by the time I muster the confidence to visit, the places are over-crowded and over-priced.)

    Nonetheless, I did want to share the attached warning with you.


     
  14. Dick Dastardly

    Dick Dastardly Drat, Double Drat, and Triple Drat!

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    That explains his time in the Union. :27:
     
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  15. SuperCourse

    SuperCourse Well-Known Member

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    http://economyandmarkets.com/exclus...e-scenario-as-dow-crashes-to-6000-2/?z=418531

    The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and China’s recent stock market decline – years before they happened – has issued a new earth-shattering statement:
    “The Dow is set to embark on a catastrophic plunge…all the way down to 6,000.”
     
  16. Magoo

    Magoo You don't have to be Einstein to figure it out

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    That will make some great buying opportunities, I wish I had mooney
     
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  17. SuperCourse

    SuperCourse Well-Known Member

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  18. SuperCourse

    SuperCourse Well-Known Member

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    He reads my posts on Truckingboards.
     
  19. SuperCourse

    SuperCourse Well-Known Member

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    Get this guy elected and 6000 on the Dow will be optimistic. I'm pulling for him for the nomination, Go Bernie.

    [​IMG]
     
    zeroday and Woody like this.
  20. Magoo

    Magoo You don't have to be Einstein to figure it out

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    Rump will just go bankrupt
     
    20_yrs_2_go likes this.

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