Lord Rothschild: "Share Prices Are At Unprecedented Levels, This Is Not A Time To Add Risk"

Tyler Durden's picture

One year ago, the financial world was abuzz when the bond manager of what was once the world's biggest bond fund had a dire prediction about how "all of this" will end (spoiler: not well).

Two months later, it was the turn of another financial icon - if from a vastly different legacy and pedigree - that of Rothschild Investment Trust Chairman himself, Lord Jacob Rothschild, who echoed Bill Gross with an unexpectedly gloomy warning in his 2016 half-year financial report, saying that central bankers are continuing "what is surely the greatest experiment in monetary policy in the history of the world. We are therefore in uncharted waters and it is impossible to predict the unintended consequences of very low interest rates, with some 30% of global government debt at negative yields, combined with quantitative easing on a massive scale."

His outlook was just as gloomy: "the geo-political situation has deteriorated with the UK having voted to leave the European Union, the presidential election in the US  in November is likely to be unusually fraught, while the situation in China remains opaque and the slowing down of economic growth will surely lead to problems. Conflict in the Middle East continues and is unlikely to be resolved for many years. We have already felt the consequences of this in France, Germany and the USA in terrorist attacks."

One year later, the scion of the most (in)famous name in all of finance, is back and in his latest letter to RIT Capital Partners investors,  Lord Jacob Rotschild has released what is perhaps his gloomiest outlook ever; here are the highlights:

We do not believe this is an appropriate time to add to
risk. Share prices have in many cases risen to
unprecedented levels at a time when economic growth is
by no means assured. The S&P is selling at 25 times
trailing 12 months’ earnings, compared to a long-term
average of 15
, while the adjusted Shiller price earnings
ratio, which averages profits over 10 years, is
approximately 30 times.  


The period of monetary
accommodation may well be coming to an end.
Geopolitical problems remain widespread and are proving
increasingly difficult to resolve. We therefore retain a
moderate exposure to equity markets and have
diversified our asset allocation towards equity
investments where value creation is driven by some
identifiable catalyst or which are exposed to longer-term
positive structural trends.

Furthermore, Rothschild continued the shift away from US capital markets exposure announced one year ago, noting that "we have a particular interest in investments which will benefit from the impact of new technologies, and Far Eastern markets, influenced by the growing demand from Asian consumers." What is surprising is how aggressively Rothschild has cut its allocation to US-denominated assets in just the past 6 months.

Not surprisingly, RIT's investment portfolio continues do quite well, and has now returned over 2,200% since inception

Below is a snapshot of where every hedge fund wants to end up: the Rothschild investment portfolio.

Finally, for all those wondering where the Rothschild family fortune is hiding, here is the answer.

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messystateofaffairs's picture

Are you implying that the fine gentleman is using the proceeds of our labor to enslave us? If so its his right to do so, we only possess the soul of beasts whilst he hails from the family of g_d. The proof is that we are dumb enough to mismanage our affairs and let him get away with it.

Haitian Snackout's picture

Thank you Mr. Burns for the heads up. BTFD

Nobodys Home's picture

"Geopolitical problems remain widespread and are proving increasingly difficult to resolve." - Lord Jacob Rothschild"

You would know wouldn't you Jake.

gdpetti's picture

Exactly, and it's interesting that even he has to come out in public to push the agenda of collapsing the markets... seems they've rigged the BTFD so much, it's hard for them to stop it on cue. Of course, all that's needed is a little push from his central bankers.

Nobodys Home's picture

Seems to me they're all crawling out of the w(et)oodwork this week.

Sorry_about_Dresden's picture

If Sith Lord Jake stopped creating geopolitical chaos, then there would be no need for resolution. Sith Lord Jake is super cunt.

el buitre's picture

Looks like Syria still won't have your central fucking bank sucking their life blood.  That one didn't resolve so well for you, did it fucker?

Humanity 1 / CIA/Rothshits 0

Lost in translation's picture

Mr. Rothschild - call no man "Lord," for there is NO Lord but the Lord Jesus Christ - begs for Hell.

He will be rewarded with the same Judgment as Dick Holbrooke, DaveRock, ZBig...

mrtoad's picture

Philanthropic Advisory Services???  Just LOLS

Darth Rayne's picture

Lots of hate and zero critical thought from the peanut gallery.

Do please try to enlighten yourselves


adamas's picture

This is horrifying. 

Global laws forcing us to suck Jewish cock 

They can go fuck themselves and shove the holohoax up their scrawny asses 

The sooner the white European Christian race recognises that this is a war for its very survival,  and one that we haven't even started preparing for yet , the better... we should purge Europe and North America of all non European blood ... it would be ugly and violent and people would say it was evil,  but if the blacks are happier together there's Africa, and for the muzzies the middle East,  and Israel for the jews... just leave us alone 

apoplectic query's picture

A CYA moment so they can say - 'I told you so...' when they crash this bitch.

PhiBetaZappa's picture

Where the hell is Buffy the Vampire Slayer when you need her.

GRDguy's picture

"Geopolitical problems remain widespread and are proving increasingly difficult to resolve."


It's getting harder for us to successfully lie and steal from the 99%.

Sheared sheep don't have much left to be re-sheared.

Sugarcandy Mountain's picture

What happens to the sheep when it is no longer "economically viable"?

That's right... off to the slaughterhouse with you.

Sub MOA's picture

https://www.youtube.com/watch?v=aJYeOYiR6KA   lissten up whitey this black woman is gonna tell ya how it be ...and you are gonna like it ....  when the fuck do we start removing the out dated farm equipment from our streets ...huh just fucking when?

pitz's picture

Dropbox?  The FTP site?   Lol! 

Umh's picture

As Jaime Dimon has said before it is the Lord's work, He just skips over which Lord he is talking about.

el buitre's picture

Actually that was Lord Blankfiend.  But they are twins in the arms of Lucifer.

Sub MOA's picture

how about we hear from the lords transgender brother evelyn or di he she it croak well there is atleast hope of that huh


Maximeme Q's picture

Fuck this pasty-skinned little piece of shit. I volunteer to be the one who puts the noose around his neck. Fuck him! I won't even bind his wrists and feet. Watching that little fucker kick and flail trying to save his life would be the most awesome moment to personally observe. Your time is coming 'Lord', you little fuck.

Conax's picture

No real need for all that melodrama. Some clever fellow should just tip the old zombie off the top of the stairs.  He must pay his footmen and buttwipes a lot of cash to keep on doddering around in apparent safety.

But don't worry, God will not be mocked. Our lives on this rock seem long, but compared to eternity they pass in the blink of an eye.  I wouldn't want to be this old wretch.

order66's picture

Know quite a few pros running money who still thinks stocks look cheap. Just sayin'.

GoldenDonuts's picture

You know a lot of children who think that prices in homes and equities go only one way.    Just sayin

Yen Cross's picture

   The" Crypt Keeper", emerges to give solace, while he and his minions continue to secretly finance and profit from both sides of the conflict.

  The Rothsturds lend money out the back door to fund the very rebels they publicly despise, in order to maintain the usury.

Sub MOA's picture

everyones favorite site to hate on or laugh at or worship etc etc is back up   https://dailystormer.lol/

don't shoot the messenger people I just bring the news ...not the message  lol  well for the most part anyway ...carry on

e_goldstein's picture



Fake Trump's picture

Add the most infamous word "fury" as well.. I didn't know this word until recently. 

sevensixtwo's picture

>250 years in banking

wow.  they say the sphinx has been there for 10,000

Farqued Up's picture

OK, heads up, you Bitcoin addicts. You are onto a boomer, congrats. Do not hang on too long, this is looking more and more of a trap to get rid of cash and then convert it to a Gov controlled crypto. There is no earthly way that they are going to allow secrecy even if they have to execute 5-10,000 people to force their will on the people to keep us down on the plantation. King Baron will snap his fingers and the 535 clowns will make it happen here and will sic the MIC on the other countries to drag them into the fold. Of course, I don't see any of the others resisting except maybe those that are stuck with sanctions. Regardless, the cryptos will go a long way toward destroying the banks and their derivatives.

Burning question #1, when is the witching hour for the entire $ system to fold? If the screwballs start excluding countries from SWIFT, especially Russia, and the petrodollar bites the dust, that will kick-start it all.

Rothschild Omniscient's picture

I don't know where you went with your rant on crypto, but RE: Russia and SWIFT, they already have plans to be without the need for SWIFT. We have seen the moves happening for the change. Petrodollar death can take awhile though...



GoldHermit's picture

I bet this family holds a whole bunch of physical gold

Eyes Opened's picture

Ever hear the saying.....

"Posession is nine tenths of the law"

Thats why Civil Asset Forfeiture is sooo successful....

Sugarcandy Mountain's picture

Yep, heard that one. CAF is nothing but outright, legalized, theft. But that's what one expects from government and their goons... it's the only thing they're good at.

ItsAllBollocks's picture

How much has to happen before enough is enough? We have Islamification by legislation and the creation of terrorism to control us through fear, the elimination of cash so the bankers can bleed us with negative interest rates, the illegalisation of everything for the introduction of the police state and now our history is being eliminated so the destruction of sovereign states can proceed. Nearly every country has had the public disarmed except the US but they will succeed there too, by consent or by force.
I am old, I have lived my life, perhaps that's why I can see what is happening so clearly but I fear for my children and my children's children. All my life I have been an environmentalist and passive resister but it is clear the time for pacifism is over. It is now time to stand up and fight for what is right. Time to take up arms and destroy those who are intent on destroying us. Time to eliminate our unelected leaders and reclaim our humanity. Time to end the madness by the only method they understand. It's time to fight back.

Maximeme Q's picture

Time to eliminate our unelected leaders and reclaim our humanity. Time to end the madness by the only method they understand. It's time to fight back.



Sugarcandy Mountain's picture

Enjoy your comments, IAB. Share you're sentiments (but have little to no faith in the majority of people who are simply unconscious.)

Great flag, btw. When are you blokes gonna cut that disgusting Union flag out of the corner and boot the Queen Lizard into touch?

ItsAllBollocks's picture

Thanks. The flag is the Eureka, if you don't know it than perhaps wiki is good for a little history lesson. Cheers...


Sugarcandy Mountain's picture

History lesson appreciated. Thanks. Shame there aren't too many coal miners left anywhere these days. Double-hard bastards, those blokes. We could all do with some of that spirit right about now.

We Are The Priests's picture

When those who normally seek to remain in the shadows begin to speak openly, you can be assured a major shift is occuring.  These people don't inject themselves into the manufactured narratives and debates of public discourse unless it is absolutely necessary to maintain their grip on power and control.

Our lord must be feeling the slipping away of his power.

AKKadian's picture

The Master of disaster the Minister of chaos, the time of monetary accommodation maybe over. No more convenient arrangements, acclimation is not possible. So, now he will hold to gain dividends and income. Then he can buy up more of the worlds wealth.!!!   

Yen Cross's picture

  I'll wager, Lord Rothschild, Alan Greenspan, and Henry Kissinger , play shuffleboard together on Epstein Island, this time of year.