Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock
Is the stock market headed for a crash? - MSN Money | Investing - MoneyWeek : "Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock.... The housing crash means consumers have less money, and are more worried about what they spend it on. Banks are also less willing to lend money to anyone, and are being tougher on those they have already given money to. That spells disaster for small businesses in particular - skint consumers on one hand, and twitchy lenders on the other. All this spells economic slowdown. Now, the experience of the past decade or so at least has been that when a slowdown looms, the central banks will cut interest rates. But the resurgence of inflation makes this a lot harder (and to be honest, the banks are so scared about their own liquidity that they're not passing on rate cuts anyway). RBS issues global stock and credit crash alert By Ambrose Evans-Pritchard, International Business Editor Last Updated: 12:19am BST 19/...