Tag: World Economic Forum
Here were the Finance Addict’s top stories this week. Plus, check out our GIF of the Week after the jump!
- Davos shocked to hear that poor people exist. When you start hearing the language of Huxley and Orwell on the slopes of the Swiss Alps, then you know that something has shifted.
- Trust in business and politics reaches critical point. We don’t really trust corporations or government. Can we reverse this? And if not, then what?
- Germany seeks permission to drown. Germany and France want to ignore a key lesson from the crisis and play fast and loose with Basel III.
- More tangled tales from TARP. As the Special “Pay Master” for TARP, is Ken Feinberg a legal laureate gone rogue? Or is he being railroaded?
- A White House nudge towards strategic default? A 2008 memo to President-Elect Barack Obama contains a counterintuitive endorsement for strategic default.
- Trusted advice? Hardly. Dale Westhoff is the Global Head of Structured Product Research at Credit Suisse and apparently the firm’s chief propagandist.
- Saying “No” to the yes-men on fiscal stimulus. Does recent research from Virginia Tech shed light on why the fiscal stimulus debate went wrong? Continue Reading
Ok, I exaggerate. But that’s my cynical first impression after finding the following diagram in the briefing book for the gathering of the good and the great at the World Economic Forum in Davos, Switzerland. (Click for a larger size.)
As you can see “Severe income disparity” is #1 on the Top 5 risks list this year, after having failed to make the short list for the preceding 5 years.
Now it’s not as though the attendees of Davos were completely inattentive to the economic plight of the less fortunate all this time. Continue Reading