Royal Bank of Scotland Says "Sell Everything"....

Just saw this little tidbit. Well, I won't be selling everything but I think we are in for a rough ride for awhile. I just hope some coin and bullion prices come down nicely.

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.

 

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It was just a short link on Facebook. It appears it was an article in Wall Street Journal. If you "trending" on Facebook you will see it, click on it, then you see all the different threads from CNN Money, WSJ, etc.

 

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

 

Sounds like 2016 will be a great time to go bargain hunting!

 

Oil is down to $30 today. IMO that's unsustainable... production cutbacks, lost jobs, companies go bankrupt. The effects ripple thru the economy.

Recession feels unavoidable.

 

We might as well be living in Europe. ....and what's our national debt today? That's unsustainable!

 

Gosh!

Where were you folks in February 2001 when Gold was at $352 and Silver was at $5.98?

These are commodities subject to supply and demand.

As for the price of Oil? Hooray. I hope it stays at $30 per barrel since plenty of folks have made fortunes off of speculating its price and acting as 2nd, 3rd, and 4th party sellers inflating its value.

 

Plus I would think lower fuel costs would help some sectors of the economy expand, consumer spending, etc etc.

 

Only in countries that relying on $100.00 @ barrel to support their economy . Besides those of the middle and lower class now have a few more dollars to spend to support the economy . And Let the oil companies figure out what to do, after all they been reaping in huge profits long enough. Not to mention avoiding taxes,and fines for environmental damage.
Not to worries as when states who allow fracking oil decide that they have had enough earth quakes , and environment damage I'm sure the world wide glut of oil will soon dry up.

 

Sounds like typical doomsday nonsense. I would treat it with the seriousness it deserves.

 

As a guy that designs new installations, this is very bad news and has kept my coin buying down to almost nothing over the past year.

 

Seems I've been reading something like this every week since we came out of the last big recession in '08. All one can do is plan to the best of their ability in case it does happen . Also what's good for the Scotts isn't necessarily good for Us Americans .

 

Indeed, listen to the very bank that had to take the dole from the British taxpayer back in 2008.

 

Well those of us who are products of the early sixties remember an almost doomsday type of event ..... We also remember that" our government" told us that if...... we ducked under our desk and covered our heads that we be just fine......and survive a global thermal nuclear war !
We'll let me tell you in 3rd grade I knew that what they were saying was poppycock , but sure was sweet hold Mary Murphy little hand during the entire drill.........lucky for her it was just a drill.

 

We might as well be living in Europe.

It does have its plus points.

 

You were a bad boy weren't you?

 

All except for Paris. I've kinda changed my mind about visiting Paris. I don't know why!

However, the North Western and Western French Countryside and people are pretty awesome!

 

I smell an impending lockdown for this thread in the midst.

 

The best time to buy is when everybody else is selling cheap. Sounds like 2016 might be a good year for my investments in the long run.