Richard Watson is a futurist and scenario planner I’ve been following for years. Each year he comes up with unique graphical representations of his thoughts on future trends (see here for an example) with a focus on technology. His latest takes a classic risk based approach (likelihood & consequence) and so is suited to gold which people run to when unexpected things happen. Consider this the intelligent person’s doomer list.
So of all the risks identified, what is Richard’s biggest worry:
“another global financial meltdown (far worse than last time due to increased debt levels, a lack of liquidity and the newly networked nature of fear). This could be triggered by rising US interest rates, although the actual trigger is irrelevant. There is so much stress built up in the system I believe almost anything could trigger a panic sell off. I suspect that QE won’t work again either, although one might argue that QE is itself a risk and should be on the map.”