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

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.

Comments

LindseyNarrate… (not verified) Sat, 08/19/2017 - 16:53 Permalink

This (((malefactor))) is (((The New King David))), as said in THE PROTOCOLS OF THE LEARNED ELDERS OF ZION, for-the-record; I needed to preface-my-comment with that statement-of-fact. Ladies and Gentlemen, what (((The Head of the Hydra))) has said, is a clarion-call for the collapse-of-the-economy, and you, ALL, need to prepare accordingly, for the inevitable.  If you think that (((BitCoin))) is going to be a "safe-haven", or if you think that your (((Apple))) and (((FakeSpook))) stocks are going to be "just fine", then you are literally psychotic--"broken-from-reality". IT IS ALL COMING-TO-A-HEAD, MUCH SOONER, THAN LATER. Seriously.   Lindsey

Chupacabra-322 yomutti2 Sat, 08/19/2017 - 19:20 Permalink

Dear Lord Rothschild,

I have much pleasure in conveying to you on behalf of His Majesty's Government the following declaration of sympathy with Jewish Zionist aspirations, which has been submitted to and approved by the Cabinet:

"His Majesty's Government view with favour the establishment in Palestine of a national home for the Jewish people, and will use their best endeavours to facilitate the achievement of this object, it being clearly understood that nothing shall be done which may prejudice the civil and religious rights of existing non-Jewish communities in Palestine or the rights and political status enjoyed by Jews in any other country."
I should be grateful if you would bring this Declaration to the knowledge of the Zionist Federation.

Yours sincerely,

Arthur James Balfour.[1]

In reply to by yomutti2

translator zero MillionDollarButter Sat, 08/19/2017 - 22:40 Permalink

So ... since Rothschilds always lie ... the market is *not* going to crash? This is confusing. Could actually happen though - Zimbabwe style.---My take: The key phrase above is "uncharted waters." Is the market going to crash? Yes. 100% guaranteed. Why? Because we are already over a decade deep in a slow motion train wreck crash, in real terms.I think that Mike Maloney has it right: a Roller Coaster Crash. Stawks will be allowed to crash hard (problem), people on the streets will freak (reaction), and the digital printing press will ratchet into full gear (solution) quite possible with a "New Dollar" with less zeroes or Phoenix or blockchain.Will the (((Rothschilds))) orchestrate the crash? I don't have enough information to say. But they will definitely be buying when there's blood in the streets, then selling when prices go Crack-Up Boom.

In reply to by MillionDollarButter

FarCanal translator zero Sun, 08/20/2017 - 12:09 Permalink

Exactly, the Market is not going to crash yet, not till The Fed. raises rates to approx. 3% and crashes it then intentionally, too much debt wont be able to take a rate even as low as that.Fed crashes the Market when they are ready,As they always do...

From Mises Institute Lecture 2005,
"And in conformity with this attitude, since the collapse of the stock market bubble, which was in fact created by the Federal Reserve's policy of credit expansion and then pricked by its temporary abandonment of that policy, government prosecutors have adopted what appears to be a particularly vengeful policy toward executives guilty of financial dishonesty, as though their actions were responsible for the widespread losses resulting from the collapse of the bubble."

Remember this is from 2005, how prophetic..

"We also do not yet have Fascism, though we are moving towards it. Among the essential elements that are still lacking are one-party rule and censorship. We still have freedom of speech and press and free elections, though both have been undermined and their continued existence cannot be guaranteed."

https://www.mises.org/library/why-nazism-was-socialism-and-why-socialis…

In reply to by translator zero

root superuser yomutti2 Sun, 08/20/2017 - 04:49 Permalink

Its obvious Protocols are not a report on actual meeting, yet everything from that book is comming to fruition. Protocols were written by someone who had outstanding knowledge of human nature in particular Jewish nature. Once you trully understand JQ you realize that Jews have no grand plan, they merely act on their instincts and short term self interests like most people. Of course their nature is extremely destructive, but they dont trully control it.So the real masters are people who authored that book.

In reply to by yomutti2

aurum4040 johngaltfla Sun, 08/20/2017 - 01:37 Permalink

A crash is coming, followed by biggest rally in history. DOW 40K + will happen. After a pullback to DOW 11k to 13k The pullback will not last long. US equities not bonds will be the safest asset. Juggernaut companies with tech, sales, and physical infrastructure. It will be a USD crisis, perhaps kicked off by debt ceiling. Wildcards are China and Russia,.

In reply to by johngaltfla

LindseyNarrate… (not verified) Chupacabra-322 Sat, 08/19/2017 - 17:18 Permalink

With-all-due-respect, Mr. Cabra, I am absolutely convinced in what THE PROTOCOLS said, and (((It))) said that the jews would crown their new King David, and that malefactor would be the TRUE ruler-over-our-planet, and that fits-the-bill for (((The Head of the Hydra))), as I said. Philosophically, I can not possibly dis-agree with you postulation of The Three-Headed-Snake, but I think that my postulation is The Ultimate Truth. If I am wrong, then I will/would OPENLY-ADMIT THAT I AM/WAS WRONG--know that much about me; however, I, unfortunately, do not think that I am wrong on this. I hate to dis-agree with you, because you are "almost" always right, and I "almost" ALWAYS up-vote your comments, but this time, I can not agree with you about (((The Head of the Hydra))). Please do not be offended in my strong dis-agreement with you. Lindsey

In reply to by Chupacabra-322

guru69 LindseyNarrate… (not verified) Sat, 08/19/2017 - 20:38 Permalink

I call bullshit on you, and like so many others, I am offended.  No matter what the topic is, you have to quote from the protocols.  If someone said that they went to church, you would blame it your false racist book.  I hope you know that you're totally alone in your thoughts and beliefs.  Hope you die with your mouth open, trying to breathe thru a mountain of shit.  Have a nice day....

In reply to by LindseyNarrate… (not verified)

LindseyNarrate… (not verified) guru69 Sat, 08/19/2017 - 21:25 Permalink

I would love to meet you, one day, Mr. Guru, and we could converse, face-to-face, about what is real, and what is not, since communicating like this, via a comments-section, is not conducive to REAL conversation. Seriously. Lindsey

In reply to by guru69

Implied Violins LindseyNarrate… (not verified) Sat, 08/19/2017 - 23:34 Permalink

The Protocols were rewritten and packaged in the 1800's with the specific goal of making the Jewish people look bad. Truth is, psychopaths of all colors have used those methods throughout history to better themselves.

I personally believe Israel was created to be a flashpoint and was used by globalists to further their aims, and will be sacrificed soon to satiate the masses...while those who created the whole thing in the first place (Zionists and international banking families) plan to get off scot-free.

It's the psychopaths and their money systems that need to go, and psychopathy transcends racial boundaries. The fact that Jewish people are currently seeming to run things is true, but this is purposeful, as they will sacrifice an entire race - even if it includes many of their own kind - in order to ensure that some of them live to create tyranny again.

In reply to by LindseyNarrate… (not verified)

CPL unsafe-space-time Sun, 08/20/2017 - 12:36 Permalink

No, all abrahamic derivatives and source points are on the chopping block.  They aren't being kept.  They aren't housepets, the Rothchilds want to be huggle muggles.  Fuck them.  Only reason those inbred fuckups surface for air in the media is to beg for clemency.  There is none.  There will be none.  So stop pretending that this is remedied with smooth words and empty promises.  Just cut their fucking grand children's necks and throw them over the side.  Stop considering who their parents are and do the deed.  They wanted to force some miniscule change to collect another inch to a huge empire.Just look around, does it appear that they have a single fucking clue to what they are doing?  They don't.  These are a people that don't fold their own laundry.  Can't cook their own food.  Could find their ass witha  roadmap, a sherpa guide and instructions.  SO...what fucking good are they? They aren't  Just dispose of them and their stupid slaves.  Plenty more out there willing to at least DO the work required and it's their turn, their entire family's turn to pay the piper the blood demanded.Party is over.  Time to kill all of the guests.DIE JANET YELLEN, DIE.DIE LAEL BRAINARD, DIE.DIE GARY COHEN, DIE.DIE JAMIE DIAMOND, DIE.DIE MARIO DRAGHI, DIE.

In reply to by unsafe-space-time

guru69 LindseyNarrate… (not verified) Sat, 08/19/2017 - 23:59 Permalink

Lindsey Darling, the only reason why you reveal your mental illness here is because it avails you anonymity.  In the real world, you likely keep your mouth shut and stay in line like a good little sheeple.  Espousing what you do, and if you would, please do it in public, in front of your workmates (if by some miracle you have a job).  I'm sure they wouldn't mind ripping you limb from limb or at the least, outing you.  With a little luck, you'll simply be institutionalized for the rest of your life.  How dare you stereotype Jewish people the way you do.  Shame

In reply to by LindseyNarrate… (not verified)

LindseyNarrate… (not verified) guru69 Sun, 08/20/2017 - 02:06 Permalink

Firstly, I am not any (((demon's))) "Darling". Secondly, I stand-by EVERYTHING that I have ever said, 100%. Thirdly, you, obviously know fuck-all about me, and the confrontations on-the-air that I have had of a MYRIAD of (((cryptos))), criminals, liars, etc., over-the-years, and the literally MILLIONS-OF-PEOPLE I have reached, including many thousands, face-to-face. That is the last thing that I will say to you, and anything further that a (((creature))) like you has to say to me, will be ignored--I will not even bother reading the comment. Seriously. You need to realize that there is a MASSIVELY-GROWING-number-of-people, RAPIDLY, becoming-aware of what has been done to the human-race, and to our nations, at-large, and THIS IS NOT, NOT, NOT!!!, ACCEPTABLE, IN ANY WAY, SHAPE, OR FORM. Now, fuck-off, (((cunt))). Lindsey

In reply to by guru69