0 01blockquote 01cite 10Musicgold12cite 10Hi Mucisgold12br 10I am not sure if this helps:12br 10Royal Bank of Scotland today issued a bearish outlook for global stock and credit markets. RBS expect S&P 500, a proxy for global equities, 10 10to drop by 11del 10almost12del 10 25% from the current level11del 11b 10s12b 12del 10, and credit spreads 11b 10–which 12b 10reflects10 risk aversion of debt investors10-10 to widen significantly during the next three months. 12br 12br 12br 10The spike in oil and food prices is driving inflation up across the global economy10,10 (10not needed)10 which 10in turn10 has 11del 10already12del 10 spawned11del 10 10been going down the road of12del 10 recessions10,10 thanks to the credit contagion spreading across developed and emerging markets.
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01cite10Musicgold12cite10Hi Mucisgold12br
10I am not sure if this helps:12br
10Royal Bank of Scotland today issued a bearish outlook for global stock and credit markets. RBS expect S&P 500, a proxy for global equities, 10 10to drop by 11del10almost12del10 25% from the current lev