It is the 28th of May 2018

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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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In Call With Saudi King, Trump Condemns Iran For Houthi Missile Attack

After the latest ballistic missile attack on Saudi Arabia by Yemeni Houthi rebel forces on Tuesday, President Trump and Saudi Arabia's King Salman agreed in a Wednesday phone call to take concrete action toward holding Iran accountable, which both countries have blamed for the attack. 

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