(Fortis is a large bank and insurer in the Netherlands and Belgium.)
28th of June, 9:10
BRUSSELS/AMSTERDAM - Fortis expects a complete collapse of the US financial markets within a few days to weeks. That explains, according to Fortis, the series of interventions of last Thursday to retrieve [euro] 8 billion.
Barclays: "US central bank accused of unleashing an inflation shock that will rock financial markets.
Ambrose Evans-Pritchard
Business Editor, Financial Times
"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 mood and are retreating into our shell. Investors will do well if they can preserve their wealth."
Royal Bank of Scotland Warns of Global Crash
Financial Times of London
The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks.
"A very nasty period is soon to be upon us - be prepared," said Bob Janjuah, the bank's credit strategist.
Read the entire article entitled, "Freedom: "Nothing Left to Lose," at http://www.smirkingchimp.com/.
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