Tuesday, Feb 09, 2010
After the party comes austerity
FT Alphaville: The next leg of the great bear market has begun…
Views of Bob Janjuah, chief strategist at RBS.
"Dear Readers, it seems to me that the events of the last few wks now tend to imply that we ARE headed towards Austerity in the US, something which is already clearly the case in China and the Eurozone. The UK will hopefully make this leap over the next few weeks/mths, before its too late – hopefully....
I now think we have begun the 3rd and final leg of the multi-yr bear mrkt which began in 2007 and which SHOULD, hopefully, finish late this yr, but which COULD (hopefully not) drag on deep into 2011. "
Posted by mountain goat @ 06:22 PM (286 views) Add Comment
1 Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. paul said...
Chief Strategist at RBS? Two observations.
1. He is a strategist in the largest banking failure in history. A bit like claiming to be the pilot of the Hindenberg, or the captain of the Titanic.
2. He can't spell. I mean he really can't. 'Shud'?