Deutsche's list: Top 30 risk for 2019

1. The sale of the shares fueled by algo trades will continue in 2019.
2. The slowdown in growth in China and Europe will cause a slowdown in the US economy as well.
3. The slowdown in growth in Europe and China is causing strong demand for the US dollar.
4. Losing demand for US debt.
5. The continued issuance of US bonds to extend the spread of the 3-month LIBOR.
6. The prolonged issuance of US bonds has caused a US dollar outflow from the credit and equity markets.
7. High hedging price to reduce Europe's and Japan's appetite for US debt.
8. The end of the European QE will lead to weaker demand for fixed income assets.
9. Delaying the Japanese QE will also lead to a decline in demand for fixed-income assets.
10. Reversing the yield curve between 2 and 10-year bonds will hurt the positive sentiment and confidence in the credit and equity markets.
11. Tax incentives in the US will start to weaken, but will continue to reinforce share buyback programs.
12. The Consequences of the Potential Suspension of US Government Jobs on Markets.
13. The lack of a Brexit deal in March will have a negative impact on the markets.
14. The lack of a Brexit deal will have a negative impact on the economy of the UK as well as the European.
15. The trade war between the US and China has escalated.
16. The trade war between the United States and Europe has escalated.
17. The FED decided to ignore continued wage growth. This can harm corporate profits.
18. The FED decided to ignore continued wage growth. This may move them away from real expectations and perceptions of inflation.
19. Escalation of the "Yellow vests" movement in France.
20. Elections to the European Parliament.
21. Prolonged inflation and inflation of the mortgage bubble in Germany.
22. Deterioration of the Italian debt situation.
23. Mortgage bubble drilling in Australia and Canada.
24. The Chinese economy is increasingly reacting to fiscal stimulus.
25. The Chinese deficit is changing negatively faster than expected.
26. Growth in Japan will be hit by the slowdown in China.
27. Potential economic reforms in India, Argentina, South Africa and Indonesia.
28. Global inequality continues to grow.
29. The Fed and the ECB restart their QE, which discourages risky assets.
30. The "ammo" of monetary and fiscal policy is over and the world is experiencing the economic Minsky moment.

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