Scott Sando Posted June 8, 2010 Share Posted June 8, 2010 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. Link to comment Share on other sites More sharing options...
matroskin Posted June 8, 2010 Share Posted June 8, 2010 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? Link to comment Share on other sites More sharing options...
Si1 Posted June 8, 2010 Share Posted June 8, 2010 glad I'm not in America Link to comment Share on other sites More sharing options...
Pent Up Posted June 8, 2010 Share Posted June 8, 2010 glad I'm not in America Glad I'm not on Earth. Link to comment Share on other sites More sharing options...
Georgia O'Keeffe Posted June 8, 2010 Share Posted June 8, 2010 Glad I'm not on Earth. Glad im not in the Milky Way Link to comment Share on other sites More sharing options...
Si1 Posted June 8, 2010 Share Posted June 8, 2010 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. Link to comment Share on other sites More sharing options...
The Masked Tulip Posted June 8, 2010 Share Posted June 8, 2010 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. Link to comment Share on other sites More sharing options...
The Masked Tulip Posted June 8, 2010 Share Posted June 8, 2010 A top investment banker has warned... People have been giving him money to invest? Link to comment Share on other sites More sharing options...
Georgia O'Keeffe Posted June 8, 2010 Share Posted June 8, 2010 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 Link to comment Share on other sites More sharing options...
'Bart' Posted June 8, 2010 Share Posted June 8, 2010 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. Link to comment Share on other sites More sharing options...
'Bart' Posted June 8, 2010 Share Posted June 8, 2010 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. Link to comment Share on other sites More sharing options...
scheming Posted June 8, 2010 Share Posted June 8, 2010 How do you "invest" in barbed wire. Does he mean he is buying some. Why doesn't he just say that then. Link to comment Share on other sites More sharing options...
The Masked Tulip Posted June 8, 2010 Share Posted June 8, 2010 It will be like Noah's Castle. I think Noah's Ark would have been preferable as a title. Link to comment Share on other sites More sharing options...
Si1 Posted June 8, 2010 Share Posted June 8, 2010 People have been giving him money to invest? apparently he was an executive at Lehmans up to 2007... Link to comment Share on other sites More sharing options...
Si1 Posted June 8, 2010 Share Posted June 8, 2010 at the end of an 80 year credit cycle yes leading to financial sector collapse and no Link to comment Share on other sites More sharing options...
Georgia O'Keeffe Posted June 8, 2010 Share Posted June 8, 2010 yes and no we'll see, my moneys on me Link to comment Share on other sites More sharing options...
aussieboy Posted June 8, 2010 Share Posted June 8, 2010 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. Link to comment Share on other sites More sharing options...
Bloo Loo Posted June 8, 2010 Share Posted June 8, 2010 Im glad Im dead already. Flouride, Bilderbergers, FLu Vaccine, they cant catch me now. Link to comment Share on other sites More sharing options...
Si1 Posted June 8, 2010 Share Posted June 8, 2010 I think Noah's Ark would have been preferable as a title. or, if Cameron's Big Society works - Camberwick Green: Link to comment Share on other sites More sharing options...
Georgia O'Keeffe Posted June 8, 2010 Share Posted June 8, 2010 Says the dude in Zurich. Yes, its far from perfect, the swiss are equally fcked along with the rest of the West, but i dont have a Norweigan passport Link to comment Share on other sites More sharing options...
Si1 Posted June 8, 2010 Share Posted June 8, 2010 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. Link to comment Share on other sites More sharing options...
Bloo Loo Posted June 8, 2010 Share Posted June 8, 2010 Mountains, as well as coastlines, are both relatively more defensible of course. financial collapse means there will be no armies. Link to comment Share on other sites More sharing options...
Scunnered Posted June 8, 2010 Share Posted June 8, 2010 The Milky Way's not that bad, just as long as you're not stuck in the unfashionable western spiral arm. Now you tell me. Link to comment Share on other sites More sharing options...
Northwest Smith Posted June 8, 2010 Share Posted June 8, 2010 If people still respect land ownership you don't need guns or barbed wire. Link to comment Share on other sites More sharing options...
dothemaths Posted June 8, 2010 Share Posted June 8, 2010 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 Link to comment Share on other sites More sharing options...
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