Guardian: It’s over, the good times are gone

Give this one traffic.

http://www.theguardian.com/business/2016/jan/12/sell-everything-ahead-of-stock-market-crash-say-rbs-economists

Investors face a “cataclysmic year” where stock markets could fall by up to 20% and oil could slump to $16 a barrel, economists at the Royal Bank of Scotland have warned.

If they say twenty, they mean at least double.

Stock markets have already come under severe pressure in 2016, with the FTSE 100 down more than 5% in its worst start since 2000. In the US, the Dow Jones industrial average has made its poorest ever start to a year.

The Chinese know something we don’t. Since the yuan got reserve status, they’ve been cashing out their chips… into our chips.

RBS is not the only negative voice at the moment. Analysts at JP Morgan have advised clients to sell stocks on any bounce.

Any.

1. Be civil. 2. Be logical or fair. 3. Do not bore me.

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