Investors face a “cataclysmic year” where stock markets could fall by up to 20% and oil could slump to $16 a barrel, economists at the Royal Bank of Scotland have warned. In a note to its clients the bank said: “Sell everything except high quality bonds. This is about return of capital, not return on capital. In a crowded hall, exit doors are small.” It said the current situation was reminiscent of 2008, when the collapse of the Lehman Brothers investment bank led to the global financial crisis. This time China could be the crisis point. Read more >>
One of the traditional places for hiding money or other valuables is under one's mattress.
What are the pros and cons of hiding money under the mattress?
Usually, a reference to stashing money under the mattress or in a shoebox is a joke. Real adults who make smart choices keep their money in the bank. Or at least, they should. A new survey of more than 1,800 people from the American Express Spending and Savings Tracker, however, found that 43% of Americans keep their savings in cash. An alarming 53% of those cash-hoarders "plan to hide bills in a secret location at home." Read more >>