Sometimes it takes 60 pages to describe where we have been this year [2]; on other occasions it takes 28 pages to describe where we are going and why [3]. However, BBVA (via Constantin Gurdgiev's True Economics [4]) have managed to **condense the state of risk in our global markets down to seven critical dimensions (and into one table)**. From Macro (GDP and inflation) to Fiscal, Liquidity, and Credit Growth, the **following matrix is your must-have guide** for this new-year's cocktail party circuit. You're welcome...

*Source: BBVA research (via True Economics blog [6])*