RBS Predicts Global Market Crash: What’s In It For Them? |
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According to the UK daily newspaper Telegraph, a research team from Royal Bank of Scotland is warning investors to get ready for a “full fledged crash in global stocks and credit markets over the next three months”, noting inflation will paralyze major central banks. They forecast a 300 point drop in the S&P by September to around 1050, with contagion spreading across global stock markets, and for the iTRAXX index (high grade corporate bonds) to widen to 130/150, the “Crossover index” (low
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