In this article I look at some of the big macro themes to watch this year and next. These include: 1) Slow global economic growth threatening to slow further; 2) Strong disinflationary pressure; 3) Angry voters turning towards protectionism and denying the benefits of globalization; 4) Weak government policy responses to slow growth, some making a bad situation worse; 5) Heavy reliance on increasingly unconventional policy responses from central banks. In the article below, I expand on each one of these themes.