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

[Devonian]

I can't help but think that we are trying to create a situation here that doesn't exist.

Markets will and always do go both up and down and after the last few years, a readjustment of the markets must be expected. People are also not necessarily spending as freely as they once did, hence possibly why the shipping volumes are down.

But as BP has pointed out 6% growth (yes growth) would actually be quite phenomenal in any Western Economy, even during the good times, the UK economy would struggle to get to say 3% Growth, but the fact it is in China and isn't up at the unsustainable levels of 8 or 9% which were experienced several years ago, mean that some people seem shocked!! Really, what do they expect??

If anything the Chinese growth rate is slowing/levelling out to a sustainable level, last year it was 7.3%; the year before 7.7%; and the year before that 7.8%, so it is hardly crashing, they are still somehow growing their economy at a rate 2-3 times faster than almost anyone else!

Also look at the UK economy, it's actually doing OK, not great, but yes OK it is growing and heading in the right direction and look at employment, it's at the highest level ever.

Maybe people are simply buying less tat from China, but are still spending in the shops just not on the disposable goods etc which China has traditionally excelled at producing and shipping to the rest of the world.