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Bird's Eye View: Wednesday, June 18th, 2008: Royal Bank of Scotland says Brace for a Crash
Posted on June 18, 2008
You know what the news is-- in a minute, you're going to hear the rest of the story - Paul HarveyLondon's UK Telegraph: Royal Bank says brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks.London's UK Telegraph: Morgan Stanley warns of Catastrophic Event .Are you scared yet?As far as catastrophic events go, the damage in financial sector is looking eerily similar to the NASDAQ in 2000.On the oil front crude is down slightly this morning at $133.60. Consumers are frustrated with the high price of fuel. Som...
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