It is the 14th of October 2019

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Citi's "What If?" Scenarios: Part 2

Yesterday we published the first set of 7 "What If" scenarios that didn't make it into the Citi Credit team's (already rather gloomy) year-ahead forecast. Because while Citi's "base case" was clearly bearish (our summary can be found here), what was left unsaid was even more unsettling, if not troubling. As the bank's credit team wrote "what about the outcomes that didn’t quite make it into our base case? The scenarios that aren’t central, but which aren’t entirely implausible either – both bullish and bearish." Citi then listed the following 7 scenarios in the first part of its quasi-forecast:

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59% Of Brits Agree With Marxist Corbyn: Empty Luxury London Flats Should Be Used To House Homeless

With at least 58 dead (30 confirmed, 28 presumed), the Grenfell Tower fire in London is undoubtedly a disaster, but (riding high on his recent election gains) Labour leader Jeremy Corbyn's solution for those made homeless by the fire seems to confirm his pro-Marxian perspective on life - government will seize the empty homes of rich people in Kensington to rehouse residents.

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