By Ambrose Evans-Pritchard, International Business Editor
Published: 5:11PM BST 27 Jun 2010
Andrew Roberts, credit chief at RBS, is advising clients to read the Bernanke text very closely because the Fed is soon going to have to the pull the lever on "monster" quantitative easing (QE)".
"We cannot stress enough how strongly we believe that a cliff-edge may be around the corner, for the global banking system (particularly in Europe) and for the global economy. Think the unthinkable," he said in a note to investors. LINK...
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"Plan for the worst and hope for the best."
"It's better to be safe than sorry."
These are the mantras of the age. BK
