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Scott Sando

Investment Banker: It’S Going To Get Nasty – Buy Land, Barbed Wire And Guns

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A top investment banker has warned that the economic fallout of the sovereign debt crisis could get so nasty over the next five years that people would be wise to abandon the markets and instead buy land, barbed wire and guns.

With gold smashing through its all time record high this morning on the back of fears over a double dip recession, analysts are turning increasingly bearish on the markets. Anthony Fry, senior managing director at Evercore Partners, told CNBC that the bond markets could turn nasty over the next few months and said that the current problems created by the European debt crisis could be with us for at least five years.

“Look at the current situation. You have Greece, now you have Hungary and huge issues surrounding Spain and Portugal,” he said, warning of a “nightmare scenario” of hyper-stagflation, where inflation rises dramatically but asset prices deflate.

“I don’t want to scare anyone but I am considering investing in barbed wire and guns, things are not looking good and rates are heading higher,” said Fry

Cool the Mad Max world we all want to live in. No more telling me when to go to bed mummy.

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A top investment banker has warned that the economic fallout of the sovereign debt crisis could get so nasty over the next five years that people would be wise to abandon the markets and instead buy land, barbed wire and guns.

“I don’t want to scare anyone but I am considering investing in barbed wire and guns, things are not looking good and rates are heading higher,” said Fry

TARP Mk II extortion?

How long till Geithner says the same words in Congress?

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Glad I'm not on Earth.

we have a government that take this seriously. I think the relative posaition of the UK is not that awful IF they walk the walk.

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Cool the Mad Max world we all want to live in. No more telling me when to go to bed mummy.

I think it will be more like The Postman but a jornalist I know thinks it will be like The Handmaid's Tale.

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we have a government that take this seriously. I think the relative posaition of the UK is not that awful IF they walk the walk.

I do,

The UK , a Global centre for finance (benefitted ihugely as the bubble was created in the last 40 years), not the place id really want to be at the end of an 80 year credit cycle leading to financial sector collapse

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Glad im not in the Milky Way

The Milky Way's not that bad, just as long as you're not stuck in the unfashionable western spiral arm.

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I think it will be more like The Postman but a jornalist I know thinks it will be like The Handmaid's Tale.

It will be like Noah's Castle.

NoahsCastle.jpg

134631-large.jpg

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People have been giving him money to invest?

apparently he was an executive at Lehmans up to 2007...

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at the end of an 80 year credit cycle

yes

leading to financial sector collapse

and no

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I do,

The UK , a Global centre for finance (benefitted ihugely as the bubble was created in the last 40 years), not the place id really want to be at the end of an 80 year credit cycle leading to financial sector collapse

Says the dude in Zurich.

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Im glad Im dead already.

Flouride, Bilderbergers, FLu Vaccine, they cant catch me now.

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I think Noah's Ark would have been preferable as a title.

or, if Cameron's Big Society works - Camberwick Green:

camberwick-green.jpg

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Yes, its far from perfect, the swiss are equally fcked along with the rest of the West, but i dont have a Norweigan passport

Mountains, as well as coastlines, are both relatively more defensible of course.

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Mountains, as well as coastlines, are both relatively more defensible of course.

financial collapse means there will be no armies.

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I do,

The UK , a Global centre for finance (benefitted ihugely as the bubble was created in the last 40 years), not the place id really want to be at the end of an 80 year credit cycle leading to financial sector collapse

+1

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  • 145 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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