Royal Bank of Scotland issues global stock and credit crash

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PaCmAn
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Royal Bank of Scotland issues global stock and credit crash

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Royal Bank of Scotland issues global stock and credit crash alert

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Royal Bank of Scotland issues global stock and credit crash alert

Ambrose Evans-Pritchard
Telegraph
June 18, 2008

The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks.

“A very nasty period is soon to be upon us - be prepared,” said Bob Janjuah, the bank’s credit strategist.

A report by the bank’s research team warns that the S&P 500 index of Wall Street equities is likely to fall by more than 300 points to around 1050 by September as “all the chickens come home to roost” from the excesses of the global boom, with contagion spreading across Europe and emerging markets.

Such a slide on world bourses would amount to one of the worst bear markets over the last century.

RBS said the iTraxx index of high-grade corporate bonds could soar to 130/150 while the “Crossover” index of lower grade corporate bonds could reach 650/700 in a renewed bout of panic on the debt markets.

“I do not think I can be much blunter. If you have to be in credit, focus on quality, short durations, non-cyclical defensive names.

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Last edited by PaCmAn on Sun Aug 03, 2008 10:30 pm, edited 1 time in total.
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britishcake

Post by britishcake »

Just so you know, this sort of thing is going on all over the world right now, it's just not as prominent because people aren't making a big deal over it. Many international "neutral" banks (Swedish holding account type things that people use to protect their investments or just skimp on taxes) no longer even take US dollars and several other overinflated currencies.


Also, you misspelled "brainchipped."

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PaCmAn
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Post by PaCmAn »

I didn´t write this, it was posted at infowars.com as you can see.

But thank you for correcting the spelling, it would be nice if you would do it at the topics I wrote my self in here (without the infowars signature at the top that is) because english isnt my first language ;-)
IMPORTANT: The pacsteam.pt.vu and pacman.pt.vu backup link will expiire - use the main link from now on
A SUN CULT + WORLD DOMINATION = "THE NEW WORLD ORDER"
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