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Topic: RBS tells investors: 'Sell everything' (Read 324 times)

legendary
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In Satoshi I Trust
January 12, 2016, 10:40:12 AM
#1
RBS tells investors: 'Sell everything'

The Royal Bank of Scotland (RBS) has advised clients to brace for a "cataclysmic year" and a global deflationary crisis, warning that the major stock markets could fall by a fifth and oil may reach $US16 a barrel.

The bank's credit team said markets are flashing the same stress alerts as they did before the Lehman crisis in 2008.

http://www.theage.com.au/business/markets/rbs-tells-investors-sell-everything-20160111-gm3ssa.html
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