Royal Bank of Scotland Warns 2016 Will Be ‘Cataclysmic’

Since the year began fewer than two weeks ago, the Royal Bank of Scotland has been ticking off item after item on their list of global marketplace red flags. Falling oil prices, volatility in China, shrinking world trade, rising debt, weak corporate loans, and deflation have the bank comparing the market to 2008—just before the collapse of Lehman brothers—and are advising clients to sell everything except high quality bonds. Read more here.