Wednesday, June 18, 2008

Royal Bank of Scotland expects big economic crashes

the Roy Bank of Scotland has been telling it's clients to expect some bad economic news in the near future.

They expect the American Stock market to go down by 300 points by September.

and the credit market isn't going to do better as corp. bonds rise.

add the raising prices of food and oil, with the increase of joblosses and we maybe in a perfect storm.

RBS says the smart thing to do is keep cashm (euros?) in hand and don't quit your day job

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