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View Full Version : Sell everything! 2016 will be a 'cataclysmic year,' warns RBS



Hans
01-12-2016, 06:00 PM
"Sell everything."
That harrowing advice is from The Royal Bank of Scotland, which has warned of a "cataclysmic year" ahead for markets and advised clients to head for the exit. Do not wait. Do not pass go.

"Sell everything except high quality bonds," warned Andrew Roberts in a note this week.
He said the bank's red flags for 2016 -- falling oil, volatility in China, shrinking world trade, rising debt, weak corporate loans and deflation -- had all been seen in just the first week of trading.

"We think investors should be afraid," he said.

http://money.cnn.com/2016/01/12/investing/markets-sell-everything-cataclysmic-year-rbs/index.html

FYI, I am buying if the price is right. Tell me what goodies you have for sale.

Anapeg
01-12-2016, 06:21 PM
Plant a garden, buy a gun, get a dog, move to crown land and take to doin' fer yer own self.

IMHO
01-12-2016, 07:12 PM
Plant a garden, buy a gun, get a dog, move to crown land and take to doin' fer yer own self.
Crown land will be very cold come winter though.

Anapeg
01-12-2016, 09:12 PM
Crown land will be very cold come winter, though.

Could be warmer than sitting where we are today if you have wood heat. This kind of reporting and histrionics will succeed in giving the preppers of the world the warm fuzzies.

Hans
01-12-2016, 09:16 PM
Oil plummeted below $30 a barrel on Tuesday for the first time since December 2003. The latest wave of selling leaves crude oil down 19% this year alone. It represents an incredible 72% plunge from crude oil's June 2014 peak of almost $108.

http://money.cnn.com/2016/01/12/investing/oil-prices-below-30/index.html

She's on a highway to hell.

_daynzy
01-12-2016, 09:18 PM
FYI, I am buying if the price is right. Tell me what goodies you have for sale.

3 dirty socks and a half drank can of Bell's two hearted ale. Best offer.

Hans
01-12-2016, 09:24 PM
Are the socks all the same color?

_daynzy
01-12-2016, 09:25 PM
Are the socks all the same color?

Yes, with mild staining.

IMHO
01-12-2016, 09:26 PM
Buy essar steel !!!

Hans
01-12-2016, 09:26 PM
Let me check the current price on slightly used socks in bulk.

Hans
01-12-2016, 09:27 PM
Buy essar steel !!!

Could be done if everyone in this city contributes to a purchasing fund. Then we can put others to work and retire in 10 years.

_daynzy
01-12-2016, 09:30 PM
Let me check the current price on slightly used socks in bulk.

Okay, be quick though. RWGR usually snags them from me pretty fast.

RWGR
01-13-2016, 10:05 AM
Okay, be quick though. RWGR usually snags them from me pretty fast.

Again, trying way too hard, and looking less-funny than BM...well, I mean, if that were possible

_daynzy
01-13-2016, 10:44 AM
Again, trying way too hard, and looking less-funny than BM...well, I mean, if that were possible

Don't be sad.

RWGR
01-13-2016, 11:35 AM
Now not trying hard enough.

The Loss has taken a great toll on you.