Sunday, June 29, 2008

RBS issues global stock and credit crash alert

The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks.
"A very nasty period is soon to be upon us - be prepared," said Bob Janjuah, the bank's credit strategist.

Read more: RBS issues global crash alert

Related items:
Barclays warns of a financial storm as Federal Reserve's credibility crumbles
House prices won't recover until 2015, ex-MPC expert warns

Morgan Stanley warns of catastrophe

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