- The oil price collapse was a curveball in 2014, which nobody publicly predicted, and highlighted why it’s so important to look out for the unexpected.
- If markets lost faith in central banks, that would be the mother of all curveballs in 2015.
- Others could be a new prime minister, a hard landing in China and more interest rate cuts this year.
A curveball, X Factor or Black Swan event… call it what you will. The oil price collapse was the shock nobody publicly predicted last year and a no-brainer for “Unexpected Event of 2014”, given its profound effect on financial markets and the global economy.