Royal Bank of Scotland Issues Global 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. A report by the bank's research team warns that the S&P 500 index of Wall Street equities is likely to fall by more than 300 points to around 1050 by September as "all the chickens come home to roost" from the excesses of the global boom, with contagion spreading across Europe and emerging markets.
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5 Comments
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Seems there should have been more government regulation and tighter qualification for subprime mortgages in order to prevent what we’re now facing.
James
Bail Bonds
San Diego is a great place to live, but all the residents here pay a huge weather premium in the value of their homes.
Tom
Real Estate Broker
Homeowners should be prepared to ride out the current fluctuation, because in the long run values should continue to escalate.
John
San Diego County Realtor
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