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Financial Fears Sweep the Globe After RBS Predicts Worldwide Stock-Market Crash
As rocky as the global markets have been, the worst is yet to come, the Royal Bank of Scotland Group PLC (ADR: RBS) warns.
RBS analysts have warned clients to brace for a full-blown crash in the global stock-and-bond markets over the next three months as the conflicting realities of slowing growth and rising inflation paralyze the world’s major central banks – causing “all the chickens [to] come home to roost,†Great Britain’s Daily Telegraph newspaper reported.
The report, which first surfaced late Wednesday, raced across the Internet yesterday (Thursday), though it appears that European news organizations are giving it much wider play than…
20Jun2008 | Money Morning | Comments Off | Continued
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