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RBS: brace for a cataclysmic year global deflationary crisis OIL $16 a barrel!
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01-12-2016, 05:08 PM #1
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Quote: RBS has advised clients to brace for a “cataclysmic year” and a global deflationary crisis, warning that major stock markets could fall by a fifth and oil may plummet to $16 a barrel.

The bank’s credit team said markets are flashing stress alerts akin to the turbulent months before the Lehman crisis in 2008. “Sell everything except high quality bonds. This is about return of capital, not return on capital. In a crowded hall, exit doors are small,” it said in a client note.

Andrew Roberts, the bank’s research chief for European economics and rates, said that global trade and loans are contracting, a nasty cocktail for corporate balance sheets and equity earnings. This is particularly ominous given that global debt ratios have reached record highs.

“China has set off a major correction and it is going to snowball. Equities and credit have become very dangerous, and we have hardly even begun to retrace the ‘Goldlocks love-in’ of the last two years,” he said.

Mr Roberts expects Wall Street and European stocks to fall by 10pc to 20pc, with even an deeper slide for the FTSE 100 given its high weighting of energy and commodities companies. “London is vulnerable to a negative shock. All these people who are ‘long’ oil and mining companies thinking that the dividends are safe are going to discover that they’re not at all safe,” he said.

Read the rest of the story at The Telegraph.

Global depression? WW III?
01-12-2016, 05:36 PM #2
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,289 Threads:1,495 Joined:Feb 2011
Yes, all the signs are there.
This could be a rough one.
Was just reading "Nothing Is Moving," Baltic Dry Crashes As Insiders Warn "Commerce Has Come To A Halt"
Traditionally this is a pretty decent economic indicator.
Quote:The continued collapse of The Baltic Dry Index remains ignored by most - besides we still have Netflix, right? But, as Dollar Vigilante's Jeff Berwick details, it appears the worldwide 'real' economy has ground to a halt!!

Last week, I received news from a contact who is friends with one of the biggest billionaire shipping families in the world. He told me they had no ships at sea right now, because operating them meant running at a loss.

This weekend, reports are circulating saying much the same thing: The North Atlantic has little or no cargo ships traveling in its waters. Instead, they are anchored. Unmoving. Empty.

This has never happened before. It is a horrific economic sign; proof that commerce is literally stopped.

More: http://www.zerohedge.com/news/2016-01-11...-come-halt

Unless I'm way off base, 2016 will make the 2008 crash look like good times.
Good find OP.

wonder.gif

01-12-2016, 05:36 PM #3
Octo Mother Superior
Posts:41,552 Threads:1,590 Joined:Feb 2011
I think we're in for a turbulent ride this year. Buckle up, kids damned.gif
01-12-2016, 09:37 PM #4
Cynicalabsurdance Member
Posts:10,569 Threads:240 Joined:Feb 2011
You Know what's really really sweet about a deep dark fall
economic collapse won't change shit in my life .

I am not a Slave of debt .
so all the folks who lose their shit ,are the debt junkies . the Debt Slaves .

little selfish piggies .
I buy their shit they lose

I sell it to piggies who still have a few bat in the pocket

I eat like a King and roll on .

can't wait man .

I'll be owning all that new shit people just got for Christmas

and they'll still be stuck with the Credit Card debt from buying
that shit .

Woe to the Indebted

Whoopie to me !

I be like this in pic


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