From the News (PR Newswire): “Saxo Bank, the online multi-asset trading and investment specialist, has today released its annual set of ‘Outrageous Predictions’ for the year ahead. These are 10 unlikely, yet perhaps underappreciated, events that could have significant consequences on the financial landscape as we venture into 2016.
“As ever, the predictions span the length and breadth of markets and geographies; ranging from oil making a drastic return to $100 a barrel to Silicon Valley’s much vaunted unicorns returning to myth. Other claims include the Russian rouble rising 20% versus the US dollar/euro basket, the Olympics turbo-charging a Brazilian recovery and a meltdown in corporate bonds.
“Steen Jakobsen, Chief Economist at Saxo Bank, commented: ‘We are nearing the end of the paradigm paralysis that has dominated the policy response to the global financial crisis. Quantitative easing and other forms of intervention have failed. China is transitioning, and geopolitical tensions are as complex as ever. The marginal cost of money is rising, and so is volatility and uncertainty. It is against this backdrop we have set this year’s predictions.’
“‘Saxo Bank’s Outrageous Predictions remain an exercise in finding ten relatively controversial and unrelated ideas which could turn your investment world upside down. It is rewarding to see how the Outrageous Predictions catch our clients’ imagination and fuel ongoing debate; it is this process of discussion and anti-herd thinking that is at the heart of Saxo’s now established tradition of attempting to draw attention to the unfathomable’ Steen Jakobsen added.”
My Comment: One way or another it must come to an end. Everything is overblown and too artificial and the world has to make a switch to a new type of relationships, to an integral, mutual connection.
This is a revolution in all our mutual relations and firstly in our social relations. But they will begin to change because of the economic challenge. We are about to witness extraordinary changes in our social, political, and economic life.