* This morning Royal Bank of Scotland advised clients to expect a major crash in the global markets.
* They expect crash to come within the next three months.
* S&P 500 to make a trip to 1050. (That is a whopping 300 points on S&P and probably 3000 points on Dow)
* Global banks will be paralyzed with inflation.
* This will be one of the worst bear markets over the last century.
*"Cash is the key safe haven. This is about not losing your money, and not losing your job," said Mr Janjuah.
*"The ugly spoiler is that we may need to see much lower global growth in order to get lower inflation," he said.
* Oil spike will continue but then later subside.
I agree with most of the comments made here but I really really doubt if this is all going to happen in the next three months.
Ten Economic Questions for 2025
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In an earlier post, you mentioned that you follow the forecasts by Charles Nenner. His forecast of the U.S. stock makets going up soon, and then staying up until 2013, is the opposite of The Royal Bank of Scotland predictions.
Yes, Charles Nenner predictions are opposite of RBS predictions. Even with so much of savage in the markets today, I am expecting a strong bounce into the end of the year. I don't expect the doom and gloom predicted by RBS in the next 3 months. But on a longer term in next 2-3 years, we will see much worse prices.
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