Getting closer to 2015

In my regular opinion piece for the Portuguese weekly magazine Visão, a text I wrote this afternoon, I share my view that 2015 will be a year of great uncertainty.  The geopolitical tensions are on the increase. This time they involve major players, such as Russia, China, Japan and the US. This is no small fry. Furthermore, the economic and financial variables are more and more unpredictable. The oil price and its impact on the international financial flows as well as on the stability of countries such as Venezuela, Russia, Angola and Nigeria, and the entire Middle East, the diminished availability of cash for stocks and bonds, the trade restrictions as a result of political confrontations, the unemployment rates and the low paid jobs because of automation, and the dwindling of the middle classes in Europe and elsewhere, all these dimensions will bring new variables into a very complex economic equation. If you put on top of that activities of the international crime syndicates, and the mass immigration of young people, you are adding fuel to the fire.

That´s why we have to make the coming year a time of deep reflection about the common future of mankind. It´s time to think about the big picture again.