Little Professor Posted June 27, 2008 Share Posted June 27, 2008 Barclays Capital has advised clients to batten down the hatches for a worldwide financial storm, warning that the US Federal Reserve has allowed the inflation genie out of the bottle and let its credibility fall "below zero". "We're in a nasty environment," said Tim Bond, the bank's chief equity strategist. "There is an inflation shock underway. This is going to be very negative for financial assets. We are going into tortoise mode and are retreating into our shell. Investors will do well if they can preserve their wealth." Barclays Capital said in its closely-watched Global Outlook that US headline inflation would hit 5.5pc by August and the Fed will have to raise interest rates six times by the end of next year to prevent a wage-spiral. http://www.telegraph.co.uk/money/main.jhtm...C-mostviewedbox Quote Link to comment Share on other sites More sharing options...
Justice Posted June 27, 2008 Share Posted June 27, 2008 The real rate of inflation is in the double digits it's just that all western goverments are cooking the books to some degree or another so no point the finger at the other. as Barclays say 'Investors will do well if they can preserve their wealth' but don't ask me how you go about it Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted June 27, 2008 Share Posted June 27, 2008 "dur. bidnt da royal bank of scotland alreddy day dis" ? Quote Link to comment Share on other sites More sharing options...
Prescience Posted June 27, 2008 Share Posted June 27, 2008 Oh Boy! Yawn................. So now Barclays joins the new breed of Post Event Forecasters © PDD( R )Ltd Great pity these clowns couldn't have focused some of the analytical and forecasting skills on financial and fiscal reality way back in 2002-04 when I was writing about what was gonna happen! Perhaps then Barclays wouldn't have dumped so many billions into the Black Hole of Sub Prime MBSs and be forced to go to such as the Bank of China and the Qatar Sovereign Wealth Fund to bail out their bucket shop. Like so many who are scared crapless to actually face emerging reality, 'cos they are then seen to be biting the hand that feeds them, the fact that the Fed is trying to control inflation with the wrong weapon is less critical than the coming slaughter as rafts of Derivs meltdown. Quote Link to comment Share on other sites More sharing options...
Guest Steve Cook Posted June 27, 2008 Share Posted June 27, 2008 (edited) Barclays Capital has advised clients to batten down the hatches for a worldwide financial storm, warning that the US Federal Reserve has allowed the inflation genie out of the bottle and let its credibility fall "below zero". "We're in a nasty environment," said Tim Bond, the bank's chief equity strategist. "There is an inflation shock underway. This is going to be very negative for financial assets. We are going into tortoise mode and are retreating into our shell. Investors will do well if they can preserve their wealth." Barclays Capital said in its closely-watched Global Outlook that US headline inflation would hit 5.5pc by August and the Fed will have to raise interest rates six times by the end of next year to prevent a wage-spiral. http://www.telegraph.co.uk/money/main.jhtm...C-mostviewedbox sh*t the bed... Cgnao was right... Edited June 27, 2008 by Steve Cook Quote Link to comment Share on other sites More sharing options...
@contradevian Posted June 27, 2008 Share Posted June 27, 2008 Just love the way these *ankers start blaming the Federal Reserve and Central Banks, when it was the likes of Barclays and many others that got us into this mess with reckless lending and dealing in sh*tty securites. Quote Link to comment Share on other sites More sharing options...
Dave Spart Posted June 27, 2008 Share Posted June 27, 2008 (edited) Oh Boy!Yawn................. So now Barclays joins the new breed of Post Event Forecasters © PDD( R )Ltd Not so much forecasting as aftcasting TM. Edited June 27, 2008 by Dave Spart Quote Link to comment Share on other sites More sharing options...
sossij Posted June 27, 2008 Share Posted June 27, 2008 sh*t the bed... Cgnao was right... ... and getting righter Quote Link to comment Share on other sites More sharing options...
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