Every year, right around this time, all the big brokerage firms, economists and banks come out with projections of what’s supposed to happen next in the financial world. This year is no exception. Especially prominent in the news has been the Royal Bank of Scotland warning, in no uncertain terms, that people should “sell everything” and prepare for a “fairly cataclysmic year ahead.”
You hear something like this from RBS, and it’s so clear, right? “Sell everything.” “Cataclysmic year.” Those aren’t vague terms. If you’re a normal human being, hearing news like this is disconcerting. A pit forms in your stomach, and you don’t know what to do. You certainly feel like you should be doing something, but what?
Read the rest of the article on The New York Times.