Sell everything! 2016 will be a 'cataclysmic year,' warns RBS

[River Song]

I guess that once major banks like RBS start sh...ng themselves, things are REALLY bad.

http://money.cnn.com/2016/01/12/investin...index.html

[bigpaul]

oh here we go again, take your money out of the bank and put it under the mattress, yeah right.

[Mistwatch]

Eye opening. Usually the likes of RBS deny there is ever a problem. One has to wonder if they are looking to buy at a discount? Still a crash is likely coming, so bit of a quandary. On a side note Die Welt has gone further today with an article saying a barrel of oil is set to reach $10 a barrel. For me it could go very wrong when the inevitable price correction occurs. Be thats stocks or oil.

http://www.welt.de/finanzen/article15091...rz-zu.html

[bigpaul]

strange that, they said on the news the price of oil was rising again.

[Devonian]

I think it is important to note that the price of oil hasn't crashed, yes it's at a 12 year low and 65% lower in price than it was, but it still hasn't crashed.

The price of oil has been reduced and lowered in a controlled manner by the Saudi's who are trying to kill off competition from the low cost shale oil production in the US.

In many ways the low cost of oil is exactly what the UK and many other economies actually need to help strengthen growth in our industrial and transport sectors, so the low cost of oil is likely to help us.

[Straight Shooter]

Nuff said by me already...no point saying any more...is there.

[Lightspeed]

(13 January 2016, 15:36)Devonian Wrote: I think it is important to note that the price of oil hasn't crashed, yes it's at a 12 year low and 65% lower in price than it was, but it still hasn't crashed.

The price of oil has been reduced and lowered in a controlled manner by the Saudi's who are trying to kill off competition from the low cost shale oil production in the US.

In many ways the low cost of oil is exactly what the UK and many other economies actually need to help strengthen growth in our industrial and transport sectors, so the low cost of oil is likely to help us.

You think?

It couldn't possibly be US manipulation of their allies to put huge pressure on the Russian economy which is largely based on oil these days?

[NorthernRaider]

Brent crude just dropped to under $30 a barrel

[LawAbidingCitizen]

(13 January 2016, 21:06)NorthernRaider Wrote: Brent crude just dropped to under $30 a barrel

Or even lowering the price in a pre-emptive move to make any attempt to circumvent the petro dollar non competative - Cartelism, a bit like what the major airlines did to Laker in the 70's/80's?
None of us really know for sure.

[Steve]

As LAC says, we don't know for sure. Another possibility is that the oil producers are trying to stimulate the world economy, because they know that a growing economy is better for their sales long-term.