All posts by Moderator

Davos – in avalanche country – conceals an overriding fragility | Larry Elliott

As global economy booms, crises in social, environmental and political landscape abound

There are more beautiful towns in Switzerland than Davos but the high alps that ring the valley in which it sits are picture-postcard perfect, especially when the rising sun kisses the mountain tops at dawn. But appearances can be deceptive and the snow defences that girdle the slopes are a reminder that this is avalanche country, stunning yet fragile.

This is something members of the 1% would do well to remember as they gather in for the annual meeting of the World Economic Forum this week.

Davos is like a giant gated community where the 1% can pretend that they care about the other 99%

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10 Sunday Reads

My easy like Sunday morning reads: • Machines Are Encroaching on Bond Markets’ Last Line of Resistance (Bloomberg) see also ETFs are the New Bond Kings (Bloomberg) • T. Boone Pickens, a Texas-Size Businessman, Calls It Quits: A cantankerous self-made tycoon, Mr. Pickens shook up the oil business, promoted the concept of shareholder value and evangelized for renewable energy.…

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