Central Bank Outlook Dominates 2018 Predictions

At the end of every year, Saxo Bank publishes its ten outrageous predictions for the year ahead, which tend to go against market consensus. Indeed, at the end of 2016, while consensus was calling for a continued economic recovery, Saxo was predicting a “departure from the ‘business as usual'” mentality that’s plagued businesses and central banks since the 2009 crisis. As it turns out, not all of these predictions were as outrageous as they first seemed. For example, the asset manager predicted that Bitcoin would surge in value from $700 to $2,100. As it turns out, this was a conservative…