Modestly positive trading in international markets overnight quickly turned negative when Royal Bank of Scotland analysts put out a report advising clients to prepare for the worst market crash in 100 years. The analysts warned that they expect inflation to paralyze economies worldwide. In the US, they say the S&P 500 could fall by more than 300 as early as September.
RBS has a series of commercials with the tag line "Make it Happen." In this case let's hope they don't.
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