RBS Predicts Global Market Crash: What's In It for Them? [View article]
Ok, I have to ask.... What's your motive Grace? Why would you post for SA? You do this probably because it is your source of revenue or your passion, or both.
This guy may be talking his own book or may be genuinely warning his clients to get the heck out. I would suggest that it takes more guts to take a stand like this and warn your clients than sit in the office and cross your fingers and write a commentary that states that the US is not in an official recession. I for one disregard everything my firm's economist writes because it's as bullish as Abby Joseph Cohen in February of 2000. How refreshing that someone would come out and try to scare the wits out of everyone. If his boys make a few bucks who cares, GS trades against their clients and the street thinks that is a great thing!
RBS Predicts Global Market Crash: What's In It for Them? [View article]
What's your motive Grace? Why would you post for SA? You do this probably because it is your source of revenue or your passion, or both.
This guy may be talking his own book or may be genuinely warning his clients to get the heck out. I would suggest that it takes more guts to take a stand like this and warn your clients than sit in the office and cross your fingers and write a commentary that states that the US is not in an official recession. I for one disregard everything my firm's economist writes because it's as bullish as Abby Joseph Cohen in February of 2000. How refreshing that someone would come out and try to scare the wits out of everyone. If his boys make a few bucks who cares, GS trades against their clients and the street thinks that is a great thing!