The omnicrisis as a sign of an epochal transition and its effects on the global economy.

The omnicrisis as a sign of an epochal transition and its effects on the global economy.

According to a report by www.zeit.de Trend and futurologist Matthias Horx described the current crises in society as an “omnicrisis”, which is typical of an epochal transition. Horx explained that the world is at the beginning of a new, uncertain era and that periods of change could last between ten and twenty years. Nevertheless, solutions from society could help shorten this time.

According to Horx, the Russian war of aggression against Ukraine has awakened society from the illusion that the world is becoming more peaceful and integrated. However, this shock of the changing times could be healing because it makes it clear what is worth fighting for and what values ​​one should stand for. The crisis in democracies worldwide is also part of the “omnic crisis,” but Horx emphasized that every trend also creates a countertrend.

Horx sees Europe as an example of how times of crisis can create amazing unity. Nevertheless, he emphasized that politics is becoming increasingly difficult in the age of media populism. Horx is convinced that authoritarianism will increasingly fail because of itself and that it is very likely that Donald Trump will fail in 2024.

As a financial expert, I analyze these statements critically. The omnicrisis may lead to increasing uncertainty in financial markets, which may lead to volatility and more difficult investment decisions. The crisis of democracies worldwide and the trend towards authoritarianism could cause political instability, which could have a negative impact on the economy. Uncertainty in politics can lead to companies being less willing to invest and investor confidence to fall.

In summary, the “omnicrisis” could lead to increased market volatility, political instability and general uncertainty in the financial industry. It is important to closely monitor developments and take appropriate precautionary measures to mitigate any potential impact on the market and the financial industry.