Saxobank waiting for a crisis in early 2019

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Danish Saxo Bank, famous for the boldness of its predictions, has published their view on the upcoming 2019. One of the main predictions of the Bank for U.S. President Donald trump, who may dismiss the head of the fed Jerome Powell. The last, according to the forecast, it may take the President of the Federal reserve Bank of Minneapolis (one of the 12 Federal reserve banks that form the Federal reserve) Neil Kashkari. According to Saxo Bank, the American economy and stock immediately start a rapid drop in the first quarter of 2019. By the summer of 2019 shares can be in a deep hole, and the yield curve of the US will decline.
Most importantly, what’s interesting about this collapse in the stock market. About him we’re talking a very long time, although we are not sure that the “bubble” burst in the first quarter. Of course, this scenario will have devastating consequences for all global markets. All will be under attack – oil, stocks and currencies of developing countries, including index Mosberg and the Russian ruble.
Russia, however, this scenario will survive, we have a capitalization of the companies is weakly linked to consumer confidence. The question is, to intervene if the currency auction of the Central Bank of the Russian Federation? The Bank of Russia targets inflation, not exchange rates. And most importantly, unlike Saxo Bank we believe that the collapse of the U.S. stock market could cost the chair is not the head of the fed Jerome Powell, and President Donald Trump. The wait is long, wait and see.
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Alexander Razuvayev,
The Director of analytical Department,
Alpari