The world is awash with liquidity and yet, despite (or perhaps because of) this, the greatest potential impacts lie from downside risks. The combination of macro growth risks, major economy elections (2013 looks busy), and the plethora of central bank policy meetings over the next year (heavy December) leave a path ahead of forlorn hope - or exuberant anticipation - for many. Summary below...
Growth risks...
[3]
Election Events...
[4]
and the next 12 months of hope...
[5]
Source: SocGen