Will China pull down the world?

The world’s stock markets are spiralling down.  The US equity market has fallen 10% in the last month, a figure that is called a ‘correction’ in investor terminology.  That’s not yet a crash or ‘bear market’, usually measured as a 20% fall.  But it’s going that way. Stock markets are diving because it seems that the big investors, banks and financial institutions globally, are worried that China is imploding and planning to devalue its currency hugely, thus driving down the rest of emerging economies, many of which are already in recession (Brazil, Russia, South Africa etc) and so will pull …

Sell everything ahead of stock market crash, say RBS economists

Royal Bank of Scotland warns of ‘cataclysmic’ year with slumps in shares and oil and advises clients to shift to bonds Stock markets have already come under severe pressure in 2016, with the FTSE 100 down more than 5% in its worst start since 2000. Investors face a “cataclysmic year” where stock markets could fall by up to 20% and oil could slump to $16 a barrel, economists at the Royal Bank of Scotland have warned.In a note to its clients the bank said: “Sell everything except high quality bonds. This is about return of capital, not return on capital. …

PLASTIC BAG ECONOMICS. REASONS TO BE UNCHEERFUL PART 1003.

by sandrassp So it is that annual week of festivities for left activists. The show that is the Tory Party annual conference. They have ventured north of the Watford Gap galvanised by the election result which gave them a majority which they will use to inflict further misery. While the social media showed images of a tory being egged, Boris being ping ponged, the real human tragedies of cuts to working people and the poor are being played out inside the hotels. Cameron and Osbourne  have used every opportunity that there will be no u-turns on the cuts to tax credits …