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Post No. 25699523
I-is it happening?
>The Royal Bank of Scotland warned its clients to "sell everything" and exit the stock market as soon as possible, a warning which indicates the global economy is heading towards a 1929-style Great Depression.
That harrowing advice is from The Royal Bank of Scotland, which has warned of a "cataclysmic year" ahead for markets and advised clients to head for the exit. Do not wait. Do not pass go.
"Sell everything except high quality bonds," warned Andrew Roberts in a note this week.
He said the bank's red flags for 2016 -- falling oil, volatility in China, shrinking world trade, rising debt, weak corporate loans and deflation -- had all been seen in just the first week of trading.
"We think investors should be afraid," he said.