Thursday, January 14, 2016
Royal Bank Of Scotland says "Sell Everything" Cataclysmic year In 2016!!
Western stocks will fall by 20 percent. Oil will trade at $16 a barrel. Emerging markets will crumble as China assumes the role of Lehman Brothers in the not so eagerly awaited sequel to the 2008 financial crisis.
“Sell everything except for high-quality bonds,” RBS credit chief Andrew Roberts writes in a note to investors that reads like the voice-over in a trailer of a finance themed horror film. “This is about return of capital, not return on capital. In a crowded hall, exit doors are small."
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