Ray Meadows

RBS Predicts Global Market Crash: What's In It for Them?

I think there is a reasonable probability that they are correct - certainly in direction if not magnitude. What they will get for this call is credibility with clients and investors that they are good risk managers, not just cheerleaders for being long. If they're wrong - well they were still being prudent about managing risk. I see little downside to their call from a client relations perspective and lots of upside.