![\"HESS](\"http:\/\/static.businessinsider.com\/image\/4b4dc66a000000000078ad32\/hess-heating-oil-tanker-truck-ap.jpg\")
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RBS analyst<\/a> Bob Janjuah sent out his predictions on 2010 and what he sees for the coming year.<\/p>\n What he really likes is commodities:<\/p>\n RBS: Not all sovereigns have bad and\/or fast deteriorating balance sheets (as a result of highly risky fiscal and monetary paths). Core Europe, much of NJA, Oz, Norway, Brazil all spring to mind. I think that bonds, currencies, credit and equities in such parts of the world will (a) outperform their peer grp equivalent asset classes in the bad and\/or fast deteriorating sovereign balance sheet zones, but (B) will do merely OK on an absolute basis. <\/p>\n Elsewhere I think hard assets, most obviously to me GOLD and even CRUDE, will do EXTREMELY well. Over the belly of 2010 I expect to CRUDE up at $100 and Gold up at $1500.<\/p>\n I like commodities, anything which Bernanke and King can’t print at the press of a button<\/strong>.<\/p>\n Q2\/Q3 2010 is when we will see the S&P down in the low 800s or lower, Gold at $1500, Crude at $100, the EURO XO Index up at 700\/700+. We will see BUNDS massively outperform Gilts and USTs. In the 10yr, I expect the Bund\/UST spread to be at least 100bps – ie, 10yr USTs to yield 100bps+ more than 10yr Bunds.<\/p>\n (REMEMBER: None of this has anything to do with actual near term CPI-style inflation – assuming of course YOU still believe the data or believe that the official data tells even a half of the whole story – but rather everything to do with rapidly deteriorating sovereign credit risk\/debasement\/monetisation\/shattered & zero policymaker credibility all being priced into bond yields).<\/p>\n Join the conversation about this story »<\/a><\/p>\n See Also:<\/b><\/p>\n RBS analyst Bob Janjuah sent out his predictions on 2010 and what he sees for the coming year. What he really likes is commodities: RBS: Not all sovereigns have bad and\/or fast deteriorating balance sheets (as a result of highly risky fiscal and monetary paths). Core Europe, much of NJA, Oz, Norway, Brazil all spring […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-199246","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/199246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=199246"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/199246\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=199246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=199246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=199246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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