Looking ahead to what we can expect in 2015, Saxo Bank's Chief Economist, Steen Jakobsen, is looking at 'maximum dislocation' and he's clear the world's becoming increasingly unbalanced in terms of growth. The dollar will rise in the first quarter but it's perhaps not what we need, he says. 
We could also use slightly higher energy prices, but that's unlikely to happen in the shorter term, says Steen. And at a time when monetary policy is more expansive than at any other time in history, the ECB could be about to make a "terrible mistake" by introducing QE. However, unlike many commentators, he doesn't think this will happen immediately.