Yesterday it was the Royal Bank of Scotland with their: Sell everything ahead of stock market crash, say RBS economists. Today it is Albert Edwards, strategist at the bank Société Générale with: Beware the great 2016 financial crisis, warns leading City pessimist
What would they know, right? Well, it is not as though they were lone voices crying ‘wolf’. What they are saying appears to be growing as the general opinion among those who ought to know.
What does this mean? Is this the end? Should we panic? Should we sell? What should we buy? Is it time to wear tin hats? Can we stop it? What happens next? Is RBS right to forecast doom and gloom for the global economy? Will we be walking the streets too?
A family in Oklahoma leave their home during the Great Depression of the 1930s. Is the world economy in for a very tough year? Photograph: Dorothea Lange/Getty Images
Am I getting anywhere with this? Are you beginning to question things? No, I don’t mean my sanity. I mean question the signs. You can see them, right? The signs? The pointers? The obvious indicators that all is not well with the world of finance? And all that goes with that? You can see it, right? Yes?
No? Then why am I bothering to provide you with all this information?