Posted on 06/18/2008 2:56:21 PM PDT by brydic1
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.
(Excerpt) Read more at telegraph.co.uk ...
thankyou fed RES bank
Economists have successfully predicted thirteen of the last three stockmarket crashes.
RBS actually has a good track record.
Hope they crash all the way to He!!.
There might be a crash, but I don’t think it’s going to be the result of inflation.
What an enlightening post!
Having been asked many questions and answering none,
Having been disproved by data and having no factual response
Having been asked for any sort of credential to back wierd assertion and submitting none
Having been challenged to provide real world proof of your capabilities in markets and having provided none
I suspect you live in your 86 year old mother’s basement and read Lyndon LaRouche all day.
I’m done with this. When you can find two brain cells to rub together, find some data, economic analysis, theory, history, or any other reality-based idea, and start a new thread.
< game over you lose>
Bad ones. Good economists are more likely to believe in efficient market theory and know the proved inability of anyone to consistently call market tops and bottoms. Only dumb (or mercenary) economists predict recessions. Now some economists are mercenaries, are paid to predict recessions even when they can't, and have to guess. But only the stupid ones really believe their predictions.
Enter Mr. Ben Bernanke, clearly a Bad Economist. In the face of no data showing an actual recession, he predicted one, and threw tremendous quantities of cash at the economy. In the end, we may not have a recession. Indeed, he has (by some people's view, including mine) exacerbated our current economic difficulties. For example, why is oil, gold, and virutally every commodity spiking in price? Because there are too many dollars chasing too few goods. Negative real interest rates maintained by the Fed virtually force this to happen.
Okay, I'll quit my rant now. Milton Friedman is rolling over in his grave.
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