saxo outrageous predictions 2015

8/10/2019 Saxo Outrageous Predictions 2015

1/14
https://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebook


2/14

A reckonings coming

Contents

doorsep o 2015, we are ex-periencing near perec condiions or momen-

um and equiy invesmen. Inflaion has all-en o is lowes since he 1980s, ineres raeshave ollowed, and energy is relaively sable.

Correced or inflaion, oil a $80/barrel odayequals $20-40/b in he 1970s.

Low volailiy has given invesors a alse senseo securiy ha could lead o he bigges up-se in 2015. Cenral bankers meanwhile havebecome he generals in an economic war inwhich he final ool in he box - compeiivecurrency devaluaions merely expors prob-lems overseas.

Nowhere exemplifies his beter han Japanafer he laes bazooka launch by Shinzo Abehreaens o become an ou-o-conrol, infla-

ion-soking missile. Japan may have boughhe global markes a urher quarer or wo o

proecion bu he real world will have is say.

We saw i or one week o mayhem in Oco-ber. I has anyhing o go by, we are in or arollercoaser ride in 2015. Tangible asses andproducion si a all-ime lows.

Paper money invesmen has crowded ou pro-ducive capial while socieies are dominaedby hairdressers and bankers. Were losing hear o manuacuring.

Meanwhile he power o he US o A is waningas China rises and when he superpower peck-ing order changes, volailiy and war ensue.Nohing is ever given and Ourageous Predic-ions remains an exercise in finding en rela-ively conroversial and unrelaed ideas which

could urn your invesmen world upside.

By imagining he mos negaive scenarios andevens you will have a beter chance o naviga-ing he urmoil, be i a Russian deaul, volcanoesspreading havoc, or an inerne Armageddon.

And we a Saxo Bank remains convinced highervolailiy and a poenial move owards a man-dae or change is upon us as macro hinking en-ers a final figh o he deah beore we can againpu our aih in people, ideas, educaion andchange raher han hollow promises. 2015 willbe a ough year bu poenially also he yearwe look back a as he nadir.As Winson Churchill a-mously said:

I you are going hroughhell, keep going.

STEENJAKOBSENChief Economist, Saxo Bank

Russia defaults againp3

Volcano eruption decimates cropsp4

Japanese inflation to hit 5%p5

Draghi quits ECBp6

Corporate bond spreads to double in 2015p7

Internet hacks smash online shoppingp8

China devalues yuan 20%p9

Cocoa futures hit USD 5,000/tonnep10

UK house sector to crashp11

Brexit in 2017p12

Illustrations by Chris Burke

CONTENTS
https://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://plus.google.com/100054100940068010150/posts?hl=dehttp://www.linkedin.com/company/tradingfloor-com?trk=top_nav_homehttps://www.facebook.com/Tradingfloorcom?hc_location=streamhttps://twitter.com/tradingfloorcom


3/14

BySteenJakob

sen,

ChiefEconomist

Russia defaults again

There is a perfect storm brewing for the Russianeconomy that could end ... with the government

itself selectively moving into a default

a grea believer in Russiaspoenial long-erm siuaion, bu he counrys

economy was heading or recession and currenaccoun deficis even beore sancions, he 25%drop in oil prices and he conflic wih Ukraine.

These problems have now become a near-emer-gency, and nowhere is his beter illusraed hanby he ruble and is 40% drop (versus he US dol-lar) his year.There is a perec sorm brewing or he Rus-sian economy ha could eiher end wih govern-men-owned companies or wih he governmenisel selecively moving ino a deaul. This may bepar o an escalaion beween Russia and he EU/US or i could be driven by lack o access o unding.

Russian companies need o repay $134 billion indeb beween 2014 and end o 2015. This, o course,is backed by currency reserves o $400 billion. Al-hough his may buy Russia some ime, he Roen-berg law (repaying los money rom sancions o

Russia business owners), he ruble inervenion,an incoming curren accoun defici, big budgedeicis (lack o ax and oil revenues), and close o noaccess o inancing rom capial markes means hahis $400 billion could become pey cash.

Russia already has long-erm discouned val-ues in energy, mining, is companies, and ispeople. Consequenly, a new sar (as in 1998)could be whas needed or he counrys uure,bu i also needs a diplomaic soluion regard-

ing Ukraine.

Watch Steen Jakobsentalk about his

Outrageous Prediction on TradingFloor.com
https://www.tradingfloor.com/Outrageous-Predictions-2015-Russia-Defaults-Steen?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Russia-Defaults-Steen?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Russia-Defaults-Steen?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Russia-Defaults-Steen?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Russia-Defaults-Steen?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Russia-Defaults-Steen?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Russia-Defaults-Steen?cmpid=OP2015Publication-ebookhttps://plus.google.com/100054100940068010150/posts?hl=dehttp://www.linkedin.com/company/tradingfloor-com?trk=top_nav_homehttps://www.facebook.com/Tradingfloorcom?hc_location=streamhttps://twitter.com/tradingfloorcom


4/14

ByJohnJ.Hardy,

HeadofForexStrategy

Volcano eruption decimates crops

,he already-acive Icelandic volcanoBardarbunga erups, leading o an unprece-

dened, urher release o noxious sulphurdioxide gases ha cloud skies over Europe.The erupion shis weaher paerns, low-ering world grain oupu and leading o hedoubling o grain prices.

Forunaely, he sharp increase is only par-ially due o acual declines in grain harvess,and mosly sems rom he ear generaed byhis even as less ood-secure naions scram-ble o sock up on supplies.

No one is alking abou he Icelandic volca-no Bardarbunga, ye his volcano is respon-sible or he larges volcanic erupion o helas 10,000 year.

Bardarbunga has been quiely erupingnonsop since he end o Augus, wih li-le aenion excep or scenic drone ly-overs as he erupion is no explosive,

bu magmaic.

Sill, wih more han a cubic kilomere oeruped lava i is already he larges lavaerupion in Iceland since he Laki issureerupion o 1783-4, which released an esi-maed 14 cubic kilomeers o lava and cloud-ed Wesern European skies wih oxic sul-phur dioxide emissions.

These emissions, jus o noe, likely con-ribued o poor whea harvess across Eu-

rope, and hus o he French bread shorageha helped eed he evens leading o heFrench Revoluion.

So ar, he erupion has been coninedo a large long gash, or issure, ha hasopened up adjacen o Bardarbunga isela Hohluraun and creaed a lake o lavaha measured over 70 square kilomeresas o mid-November.

The erupion is emiing more sulphur diox-ide han all o Europes indusry combined.

Meanwhile, consan earhquake swarmsare being recorded across he enormous,

sub-glacial caldera o Bardarbunga isel,which a nearly 80 square kilomeers is al-mos as large as he island o Manhaan.

The caldera is rapidly subsiding and riskscollapsing as he magma under he vol-cano pours ou o he nearby issurea Hohluraun.

A collapse could lead o a ar more in-ense erupion phase wih poenially cli-mae-alering consequences or he nexyear or more.

The eruption is emitting more

sulphur dioxide than all of Europes

industry combined

WatchJohn J Hardytalk about his

https://www.tradingfloor.com/Outrageous-Predictions-2015-Vulcano-John?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Vulcano-John?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Vulcano-John?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Vulcano-John?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Vulcano-John?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Vulcano-John?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Vulcano-John?cmpid=OP2015Publication-ebookhttps://plus.google.com/100054100940068010150/posts?hl=dehttp://www.linkedin.com/company/tradingfloor-com?trk=top_nav_homehttps://www.facebook.com/Tradingfloorcom?hc_location=streamhttps://twitter.com/tradingfloorcom


5/14

ByMadsKoefoed,

HeadofMacroStrategy

Japanese inflation to hit 5%

experience wih variousmoneary easing schemes han he Bank

o Japan, bu despie several decades o li-le o no success, he cenral bank conin-ues o pile on like an addic in need o hisnex ix.

And like an addic, more and more is need-ed o mainain he same eec.

Predicably hen, he moneary shaf oprime miniser Abes hree arrows have ailedo do much o revive he economy, growhorecass or 2014-16 have been revised down

and inflaion has begun o slide again.

Indeed, he later will ake a urher hi whenhe one-year anniversary o he 2014 VAT hikecomes around, worsening demographics addo deflaionary pressures, and real house-hold incomes all ourigh despie a ighlabour marke.

Agains his backdrop, we see an ou-side chance o inflaion spiking o a leas5% nex year in Japan, and ha is wih-ou incorporaing anoher VAT hike inoour scenario.

The incessan money prining by a progres-sively more and more dovish BoJ, which ahe going rae will buy around 60% o anynew governmen bond issues, no o men-ion equiies and oher asses, will uel as-se prices and in urn price pressures.

The coninuing slide o he yen agains oher

major currencies, noably he US dollar andhe euro, pushes up prices o oreign goodsand services, which will add o inflaion overhe coming quarers.

And he slide may be ar rom over as oreigninvesors flee Japanese asses in anicipaiono urher moneary simulus, ye anoher up-side risk o inflaion.

Thereore, we ourageously predic ha infla-

ion will op 5% in Japan nex year.

The centralbank continues

to pile on like

an addict

WatchMads Koefoedtalk about his

https://www.tradingfloor.com/Outrageous-Predictions-2015-Japan-Mads?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Japan-Mads?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Japan-Mads?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Japan-Mads?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Japan-Mads?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Japan-Mads?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Japan-Mads?cmpid=OP2015Publication-ebookhttps://plus.google.com/100054100940068010150/posts?hl=dehttp://www.linkedin.com/company/tradingfloor-com?trk=top_nav_homehttps://www.facebook.com/Tradingfloorcom?hc_location=streamhttps://twitter.com/tradingfloorcom


6/14


7/14

ByPeterGarnry,

HeadofEquityStrategy

Corporate bond spreads to double in 2015

Europes growh so as muchas he acions o he European Cenral Bank

ha have driven down corporae bondyields in Europe. The yield on euro corporaenon-invesmen grade bond has declinedsigniicanly since he peak in he ourhquarer o 2011.

As an example, Royal Bank o Scolands yieldon is subordinaed euro-denominaed 6.934%coupon mauring in April 2018 has declinedrom 13.6% on November 29, 2011 o 2.2% on

November 17, 2014.

As a resul, European non-invesmen grade corpo-rae bonds are up 46% on a oal reurn basis sincehe botom on Ocober 7, 2011 or 13% annualised.

However, he pary enjoyed in high yield cred-i is coming o an end as he ECBs new policiesail o deliver growh as moneary policies can-no offse he lack o privae secor growh.

In 2015, economic growh will slow down urherpushing invesors o quesion public policies.

While cenral banks are keeping sovereign andABS-yields suppressed, he ECB will no be hesaviour in European non-invesmen gradecorporae bonds as is mandae does no reach

ha ar he Bundesbank will simply noallow i.

Wih senimen on high yields flip-flopping in

2015, invesors are lef finding sparse liquidiyand seep prices in order o exi posiions.

Wih an ulimae washou in high-yield credi,shock waves will once again shake he ounda-ion o Europes weak economy.

The Marke iTraxx Europe Crossover Indexcomprising o 75 equally weighed credi de-aul swaps on he mos liquid non-invesmen

grade European corporae eniies is he per-ec reflecion o he healh o he European

corporae bond secor.

I is hus our yardsick or measuring hedevelopmen in non-invesmen grade Eu-ropean corporae bonds.

The index is rading a around 350 basis poinsand our ourageous predicion is ha he in-dex will explode o a leas 700 basis poins asinvesors run or he exi.

The party enjoyed in high yield credit is coming to an end as the

ECBs new policies fail to deliver growth

Watch Peter Garnrytalk about his

https://www.tradingfloor.com/Outrageous-Predictions-2015-Corporate-bonds-Peter?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Corporate-bonds-Peter?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Corporate-bonds-Peter?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Corporate-bonds-Peter?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Corporate-bonds-Peter?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Corporate-bonds-Peter?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Corporate-bonds-Peter?cmpid=OP2015Publication-ebookhttps://plus.google.com/100054100940068010150/posts?hl=dehttp://www.linkedin.com/company/tradingfloor-com?trk=top_nav_homehttps://www.facebook.com/Tradingfloorcom?hc_location=streamhttps://twitter.com/tradingfloorcom


8/14

ByJohnJ.Hardy,

HeadofForexStrategy

Internet hacks smash online shopping

o years have seen increas-ingly aggressive hacking aciviy o major

corporaions rom he relaively harmless,i high profile hacking o celebriies person-al phoos on Apples iCloud plaorm o majorreailers like Targe and Home Depo havingmillions o is cusomers credi card inorma-ion exposed.

In 2014, we also saw he mighy JP Morgancompromised or monhs beore he companyeven knew is sysems had been breached.And five million Gmail accoun passwordsshowed up on a Russian websie.

Such atacks require exraordinary sophisica-ion and may even be sae suppored in reali-aion or he US increasingly aggressive use ofinancial sancions in is geopoliical conron-aions around he world.

In 2015, new underhanded atacks on e-com-merces larges players become even more

widespread and increasingly aggressive.

Amazon.com, he larges e-commerce re-ailer and aggressive player in web-basedservices suers a decline o 50% rom analready egregious overvaluaion and on ashi in senimen as i suers lower growhraes, even i i is no necessarily he vicimo a hacking isel.

Such attacks require extraordinary

sophistication and may even be state supported


https://www.tradingfloor.com/Outrageous-Predictions-2015-online-shopping-John?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-online-shopping-John?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-online-shopping-John?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-online-shopping-John?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-online-shopping-John?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-online-shopping-John?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-online-shopping-John?cmpid=OP2015Publication-ebookhttps://plus.google.com/100054100940068010150/posts?hl=dehttp://www.linkedin.com/company/tradingfloor-com?trk=top_nav_homehttps://www.facebook.com/Tradingfloorcom?hc_location=streamhttps://twitter.com/tradingfloorcomhttps://plus.google.com/100054100940068010150/posts?hl=dehttp://www.linkedin.com/company/tradingfloor-com?trk=top_nav_homehttps://www.facebook.com/Tradingfloorcom?hc_location=streamhttps://twitter.com/tradingfloorcom


9/14

ByJohnJ.Hardy,

HeadofForexStrategy

China devalues yuan 20%

domesic housingand credi bubble inally correcing, i

no imploding,

China will be looking or any way i cano ease he enormous delaionary pres-sures ha characerise he downside o acredi cycle.

Aggravaing he pressure on China oac are almos hree consecuive years oproducer price delaion driven bymassive overcapaciy.

A Chinese yuan a record highs (in inla-ion-adjused erms) in his environmenmakes no sense, especially in ligh o isneighbour Japans simulaneous record lowexchange rae (also in inlaion-adjusederms as o mid-November).

So in 2015, China moves rapidly and per-sisenly o devalue is currency over

he course o he year, joining Japan andoher counries in he global sruggle oimpor inlaion.

This ses o a chain o Asian devaluaionsand he risk o hosile rade and inancialsancions wih Japan.

China moves rapidly and persistently todevalue its currency over the course of the year


https://www.tradingfloor.com/Outrageous-Predictions-2015-China-Yuan-John?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-China-Yuan-John?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-China-Yuan-John?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-China-Yuan-John?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-China-Yuan-John?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-China-Yuan-John?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-China-Yuan-John?cmpid=OP2015Publication-ebookhttps://plus.google.com/100054100940068010150/posts?hl=dehttp://www.linkedin.com/company/tradingfloor-com?trk=top_nav_homehttps://www.facebook.com/Tradingfloorcom?hc_location=streamhttps://twitter.com/tradingfloorcomhttps://plus.google.com/100054100940068010150/posts?hl=dehttp://www.linkedin.com/company/tradingfloor-com?trk=top_nav_homehttps://www.facebook.com/Tradingfloorcom?hc_location=streamhttps://twitter.com/tradingfloorcom


10/14

ByOleHansen,

HeadofCommodityStrategy

Cocoa futures hit USD 5,000/tonne

who ae all he chocolae?

Demand or chocolae is rising globally asWesern preerences shif owards darkerchocolae and Asian appeie or he sweesuff increases as economic growh propelsmore and more o hem ino he ranks o hemiddle classes.

The appeie or chocolae among Chineseconsumers coninues o rise bu he esimaedper capia annual consumpion is sill only 5percen o wha is eaen by a Wesern Europe-an consumer -- a clear indicaion ha demandwill only coninue o rise over he comingyears. The rising populariy o dark chocolaeamong radiional consumers in he US andEurope has also helped rigger a rise in de-mand.

Dark chocolae has a cocoa concenraion oup o 70% compared wih jus 10% in an aver-age milk chocolae bar.

Rising demand requires rising producion, noleas rom he worlds larges growing regionin Wes Arica where Ivory Coas and Ghanaaccoun or up o 70% o global oupu.

A record producion rom Ivory Coas las yearmay be exceeded his year bu despie his po-enially bearish oulook cocoa uures con-inue o rade close o heir five-year average.

In oher words, i doesn ake much o rockhe boa, a ac o which we were sharply re-

minded when cocoa suddenly spiked on con-cern abou he Ebola virus earlier his year.

In order o mee he increased demand and ohal he growing imbalance beween supplyand demand, cocoa producers require nearperec growing condiions year afer year.

Underinvesmen in Wes Arica has resuledin ageing rees no being replaced as enoughand his, combined wih he precarious finan-cial siuaion o many small armers, makesregular oubreaks o black pod disease di-ficul o figh due o lack o cash or regular

spraying.

We see he risk o he near-monh cocoa u-ures reaching USD 5,000/onne someimeduring 2015.

This would represen a new record as i wouldexceed he previous record o USD 3,775/onneha was reached in March 2011when a civilwar in Ivory Coas disruped supplies.

Cocoa suddenly spiked on concern aboutthe Ebola virus earlier this year

WatchOle Hansentalk about his

https://www.tradingfloor.com/Outrageous-Predictions-2015-Cocoa-Ole?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Cocoa-Ole?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Cocoa-Ole?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Cocoa-Ole?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Cocoa-Ole?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Cocoa-Ole?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Cocoa-Ole?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Cocoa-Ole?cmpid=OP2015Publication-ebookhttps://plus.google.com/100054100940068010150/posts?hl=dehttp://www.linkedin.com/company/tradingfloor-com?trk=top_nav_homehttps://www.facebook.com/Tradingfloorcom?hc_location=streamhttps://twitter.com/tradingfloorcomhttps://plus.google.com/100054100940068010150/posts?hl=dehttp://www.linkedin.com/company/tradingfloor-com?trk=top_nav_homehttps://www.facebook.com/Tradingfloorcom?hc_location=streamhttps://twitter.com/tradingfloorcom


11/14

UK house sector to crash

were crashing leand righ around he globe in he lead-up o

he global recession, he UK housing secorheld up relaively well.

Though prices did drop by around 20%, haloss has already been recouped on a naion-al level, and in London, prices have risen oa new all-ime high his year, up more han30% rom he pre-recession 2007 peak.

Overall, he UK economy has reboundedmuch more admirably rom he global re-cession han oher major economies, noa-bly coninenal Europe where he euro areais sill sruggling or growh. In compari-son, economic oupu in he UK sands 3.4%above he 2007 peak aided by rising houseprices.

The pary may be abou o end, however,or UK home owners. No only are indicesracking house prices already looking much

weaker han in he las couple o years in-cluding sar perormer London bu hereare oher reasons o ear an impending crashin he UK housing marke.

The Bank o England is moving closer o isirs rae hike since 2007, which will pu up-ward pressure on morgage raes and in urnhousehold inances already undermined byweak wage ormaion.

Furhermore, he quick rebound in houseprices may induce a wave o selling rom or-

dinary households sill sruggling o makeends mee, especially in pricier neighbour-hoods o London where aordabiliy hasgone down he drain as prices have surged,and wih boh privae and public deb re-main high implying low manoeuvrabiliywhen and i prices sar o head souh.

Thereore, we ourageously predic he UKo experience a housing crash wih pricesalling as much as 25% in 2015.

The quick rebound in house prices

may induce a wave of selling fromordinary households

ByMadsKoefoed

,HeadofMacroStrategy

WatchMads Koefoedtalk about his

https://www.tradingfloor.com/Outrageous-Predictions-2015-UK-Housing-Mads?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-UK-Housing-Mads?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-UK-Housing-Mads?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-UK-Housing-Mads?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-UK-Housing-Mads?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-UK-Housing-Mads?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-UK-Housing-Mads?cmpid=OP2015Publication-ebookhttps://plus.google.com/100054100940068010150/posts?hl=dehttp://www.linkedin.com/company/tradingfloor-com?trk=top_nav_homehttps://www.facebook.com/Tradingfloorcom?hc_location=streamhttps://twitter.com/tradingfloorcomhttps://plus.google.com/100054100940068010150/posts?hl=dehttp://www.linkedin.com/company/tradingfloor-com?trk=top_nav_homehttps://www.facebook.com/Tradingfloorcom?hc_location=streamhttps://twitter.com/tradingfloorcom


12/14

Brexit in 2017

wins 25% o henaional voe in Briains general elecion on

7 May, 2015, sensaionally becoming he hirdlarges pary in parliamen.However, because o he UKs firs pas hepos sysem, whereby a pary mus come firsin a consiuency in order o win he sole parlia-menary sea, UKIP secures only a hird o heseas o boh he Conservaives and Labour.Neverheless, UKIP, which campaigns on anani-EU, ani-immigraion icke, holds hebalance o power and joins David CameronsConservaives in a coaliion governmen.

Is leader, Nigel Farage, becomes depuy primeminiser and Cameron calls or he plannedreerendum on Briains membership o heEU in 2017.

Gil yields increase sharply as opinion pollssugges he majoriy o he Briish people will

voe o wihdraw rom he European Unioncompleely given he chance. This ses up ourOurageous Predicion o he UK leaving heEU in 2017.

BySteenJakob

sen,

ChiefEconomist

Gilt yields increase sharply as opinion polls suggest the majority ofthe British people will vote to withdraw from the European Union

Watch Steen Jakobsentalk about his

https://www.tradingfloor.com/Outrageous-Predictions-2015-Brexit-2017-Steen?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Brexit-2017-Steen?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Brexit-2017-Steen?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Brexit-2017-Steen?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Brexit-2017-Steen?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/Outrageous-Predictions-2015-Brexit-2017-Steen?cmpid=OP2015Publication-ebookhttps://plus.google.com/100054100940068010150/posts?hl=dehttp://www.linkedin.com/company/tradingfloor-com?trk=top_nav_homehttps://www.facebook.com/Tradingfloorcom?hc_location=streamhttps://twitter.com/tradingfloorcomhttps://plus.google.com/100054100940068010150/posts?hl=dehttp://www.linkedin.com/company/tradingfloor-com?trk=top_nav_homehttps://www.facebook.com/Tradingfloorcom?hc_location=streamhttps://twitter.com/tradingfloorcom


13/14

Communityprediction

sfromT

radingFloor.com

The best predictions from the community

:Capitalism evolves to version 2.0! Sharingeconomy takes over. Buy installing plat-orms like Uber, AirBnb or services likecrowd-unding, prices or diverse productsand services decrease under the image o amore sustainable development; the majorreason is hidden behind that movement.

To overtake already established systemsand markets by dictating new rules,sling out labor rights, collect consumerdata and generate profits or unknowninvestors. A shif o who has the powerto decide! The border between social/sus-tainable initiatives and profit maximisinginvestments will float.

Lets see i society realises that potential

o change.

:

My ourageous pre-

dicion is ha in a

leas one Eurozone

counry he govern-

men will all and

he esablishmen

will lose conrol in

subsequen elec-

ions, hus puing

he Euro experimen

on he brink o col-

lapse. Europe is be-

ing endangered, or

a long ime already,

by jus hose people

ha really wan i

so desperaely!

:

Apple will creae The

Apple Bank rom

is cash hoard, wih

he goal o ApplePay

replacing credi card

companies

:

Japan compleely

loses he economic

pedals and prins

negaive GDPs or

all 4 quarers. US-

DJPY closing in on

150.00 2. Gold mov-

ing higher owards

1600 on repariaion

moves rom cenral

banks.

:

U.S. 30 Yr. Bond will

yield under 2% by

he end o 2015.

:

1 = $1, USA raes begin

o rise earlier han

expeced and Dragi

ges he go ahead o

aggressively buy Bonds

o keep Germany/EU

ou o recession

:

Greece he bes

peroming marke

in he world. Ahens

general above 1550,

now a 970. Eurusd 1.

:

My ourageous pre-

dicion or 2015 con-

siss in he irs usage

o acical nuclear

weapon since 1945

:

Puin is overhrown

and replaced by

more hawkish

leader.

:

Amazon buys Twi-

er o arge ads,

individualized deals

and order aking

#2015OP

:

A major Chinese

Inerne compa-

ny is exposed as

a raud causing

a plunge in he

secor & leading o

a hedge und ice

a ge . # 2015 OP

:

Gold reaches $2500

as Russia invades

Eson ia a n d La -

v ia .

:

Argenina o use

corned bee

as heir

currency sandard.

UK bans sick pay

o a ssis big bu si -

ness. France o

privaise Belgium

# 2015 OP

:

Sudden reversal

o Abenomics in

Japan resuling

in a rapid all o

USDJPY all he way

back o 90.

Huge long posi-

ions are sopped

ou in his process.

:France plunges ino

a Greek-syle crisis.

The yield on

French 10-year

bonds jumps

o 15%.

Ialys, Spains, Por-

ugals and Greeces

yields on

10-year bonds

skyrocke o

30-40%.

COMMUNITY PREDICTIONS

,

Denmark,United Kingdom

,

United Kingdom

,

United Kingdom

,

United States

,

United States

,

Ireland

,

Domican Republic

,

Greece

,

Russian Federation

,

Poland

,

Belgium

,

The Netherlands

,

Spain
https://www.tradingfloor.com/posts/prediction-2015-capitalism-evolves-to-version-20-sharing-economy-takes-over-buy-installing-platf-2622014?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/posts/prediction-2015-capitalism-evolves-to-version-20-sharing-economy-takes-over-buy-installing-platf-2622014?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/posts/prediction-2015-capitalism-evolves-to-version-20-sharing-economy-takes-over-buy-installing-platf-2622014?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/posts/prediction-2015-capitalism-evolves-to-version-20-sharing-economy-takes-over-buy-installing-platf-2622014?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/posts/prediction-2015-capitalism-evolves-to-version-20-sharing-economy-takes-over-buy-installing-platf-2622014?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/posts/prediction-2015-capitalism-evolves-to-version-20-sharing-economy-takes-over-buy-installing-platf-2622014?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/posts/prediction-2015-capitalism-evolves-to-version-20-sharing-economy-takes-over-buy-installing-platf-2622014?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/posts/prediction-2015-capitalism-evolves-to-version-20-sharing-economy-takes-over-buy-installing-platf-2622014?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/posts/prediction-2015-capitalism-evolves-to-version-20-sharing-economy-takes-over-buy-installing-platf-2622014?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/posts/prediction-2015-capitalism-evolves-to-version-20-sharing-economy-takes-over-buy-installing-platf-2622014?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/posts/prediction-2015-capitalism-evolves-to-version-20-sharing-economy-takes-over-buy-installing-platf-2622014?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/posts/prediction-2015-capitalism-evolves-to-version-20-sharing-economy-takes-over-buy-installing-platf-2622014?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/posts/prediction-2015-capitalism-evolves-to-version-20-sharing-economy-takes-over-buy-installing-platf-2622014?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/posts/prediction-2015-capitalism-evolves-to-version-20-sharing-economy-takes-over-buy-installing-platf-2622014?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/posts/prediction-2015-capitalism-evolves-to-version-20-sharing-economy-takes-over-buy-installing-platf-2622014?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/posts/prediction-2015-capitalism-evolves-to-version-20-sharing-economy-takes-over-buy-installing-platf-2622014?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/posts/prediction-2015-capitalism-evolves-to-version-20-sharing-economy-takes-over-buy-installing-platf-2622014?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/posts/prediction-2015-capitalism-evolves-to-version-20-sharing-economy-takes-over-buy-installing-platf-2622014?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/posts/prediction-2015-capitalism-evolves-to-version-20-sharing-economy-takes-over-buy-installing-platf-2622014?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/posts/prediction-2015-capitalism-evolves-to-version-20-sharing-economy-takes-over-buy-installing-platf-2622014?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/posts/prediction-2015-capitalism-evolves-to-version-20-sharing-economy-takes-over-buy-installing-platf-2622014?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/publications/outrageous-predictions?cmpid=OP2015Publication-ebookhttps://www.tradingfloor.com/posts/prediction-2015-capitalism-evolves-to-version-20-sharing-economy-takes-over-buy-installing-platf-2622014?cmpid=OP2015Publication-ebookhttps://plus.google.com/100054100940068010150/posts?hl=dehttp://www.linkedin.com/company/tradingfloor-com?trk=top_nav_homehttps://www.facebook.com/Tradingfloorcom?hc_location=streamhttps://twitter.com/tradingfloorcom


14/14
http://www.saxobank.com/?cmpid=OP2015Publication-ebook

saxo outrageous predictions 2015

Documents