Go Back  Airline Pilot Central Forums > Pilot Lounge > Money Talk
Royal Bank of Scotland: "sell everything" >

Royal Bank of Scotland: "sell everything"

Notices
Money Talk Your hard-earned money

Royal Bank of Scotland: "sell everything"

Old 01-12-2016, 07:28 PM
  #1  
Gets Weekends Off
Thread Starter
 
Joined APC: Dec 2013
Position: men without hats
Posts: 369
Default Royal Bank of Scotland: "sell everything"

'Sell Everything' at Beginning of 'Cataclysmic Year Ahead,' Royal Bank of Scotland Warns - US News

You heard it here first. The music is about to stop.
121again is offline  
Old 01-12-2016, 07:42 PM
  #2  
Gets Weekends Off
 
chrisreedrules's Avatar
 
Joined APC: Feb 2012
Position: CRJ FO
Posts: 4,598
Default

There are a lot more tumultuous signs than just the bank of Scotland...
chrisreedrules is offline  
Old 01-12-2016, 07:52 PM
  #3  
Gets Weekends Off
Thread Starter
 
Joined APC: Dec 2013
Position: men without hats
Posts: 369
Default

Yes there are this one just happened to be grabbing headlines. The writing is on the wall everywhere.
121again is offline  
Old 01-12-2016, 07:55 PM
  #4  
Living the Dream
 
deltajuliet's Avatar
 
Joined APC: Sep 2013
Posts: 1,795
Default

Read the article, watched The Big Short, read a lot about economics, and still don't understand why the price of tea in China causes an American pilot to get furloughed. Maybe if everything wasn't based on credit, speculation, and artificialities our national/global economy wouldn't be so volatile. But I'm just a pilot.
deltajuliet is offline  
Old 01-12-2016, 08:17 PM
  #5  
Gets Weekends Off
 
bedrock's Avatar
 
Joined APC: Nov 2012
Position: ERJ, CA
Posts: 718
Default

From the simple standpoint of economic theory, I would agree that everything is about to come tumbling down, but I thought that back in 2009. Whenever a large bank starts to advise the masses, I get suspicious they are about to front run the mkt somehow. A few years ago, when gold was at 1700/oz. Goldman Sachs was blasting the airwaves telling everyone that gold was headed to 2000/oz. and then it dropped 2 months later like a rock to where is is now, 1000/oz. Of course, the govts. and banks colluded to put naked shorts on gold and silver to suppress the price while the US devalued the dollar like mad.

Also, there was recently an interview with an ex Fed reserve guy named Fisher who admitted the Fed had been buying stocks to pump up the mkt and that PE/ ratios are at 19/1, without any top line growth, so that is the definition of a bubble.

The easy money has been flowing into stocks and real estate world wide, and driving the price of these things up beyond reason. Vast amounts of money has been circling the globe looking for return. That is now stopping. The stock market is due for a correction. Auto loans have been given out like candy and stock buybacks are no longer happening. All of this indicates a bad overhang ready to become an avalanche. Normally, it is prudent to pare back your investments substantially in these circumstances, but who knows what kind of stimulus the world's banks may come up with? I believe they are beyond reason and will try another attempt at inflating all the debt and recession away; until it all blows up in our faces. The guys who ran the ships aground--the Jaimie Diamonds and Lloyd Blankfeins--are still at the helm of even LARGER banks now. Also it is an ELECTION year. The dems don't want this thing to blow up before the election.
bedrock is offline  
Old 01-13-2016, 03:15 AM
  #6  
You scratched my anchor
 
Al Czervik's Avatar
 
Joined APC: Feb 2011
Posts: 4,872
Default

"Sell everything" bad advice. Draw out two points in the market over time. It's been proven time and time again long term investment always beats the in and out of the market game.... ALWAYS
Al Czervik is offline  
Old 01-13-2016, 03:22 AM
  #7  
Gets Weekends Off
 
Joined APC: Jul 2013
Posts: 9,939
Default

I've been hearing for 6 years that "this year will be the year the market really crashes."

And I read it in the actual news first, not by some guy who is rooting for it all to end.
CBreezy is offline  
Old 01-13-2016, 04:03 AM
  #8  
Gets Weekends Off
 
Joined APC: Jul 2009
Position: Downwind, headed straight for the rocks, shanghaied aboard the ship of fools.
Posts: 1,128
Default

This should be fun. Another sky is falling thread by regional pilots with very little education and monetary experience. I'm looking forward to bumping this one back into the light a year from now.
SpeedyVagabond is offline  
Old 01-13-2016, 04:18 AM
  #9  
Gets Weekends Off
 
chrisreedrules's Avatar
 
Joined APC: Feb 2012
Position: CRJ FO
Posts: 4,598
Default

Well, I dare say I understand more than the average person about investments and the stock market, although I am by no means an expert... A lot of my money has been pulled out since the beginning of last year. I'm sitting it in fixed interest accounts waiting for the correction to come, and it will. I don't think we'll see another bear market, but a 10 - 15% market correction is long over due.
chrisreedrules is offline  
Old 01-13-2016, 05:38 AM
  #10  
Gets Weekends Off
 
GogglesPisano's Avatar
 
Joined APC: Sep 2013
Position: On the hotel shuttle
Posts: 5,794
Default

Buy gold, ammo and "freedom pellets." Peak oil is just around the corner!

Oh, and "Repent."
GogglesPisano is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
PolicyWonk
FedEx
9
10-03-2015 04:36 PM
Flyby1206
Major
23
06-26-2014 09:44 AM
Lucky7
Cargo
3
06-27-2012 03:36 PM
CAVU
Cargo
9
04-21-2009 04:41 AM
jungle
Money Talk
1
03-24-2009 07:46 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Thread Tools
Search this Thread
Your Privacy Choices