Davos Notebook

Five themes for Davos

January 22, 2010

Top (L-R): Steve Clarke, Natsuko Waki, Gerard Wynn, Martin Howell
Bottom (L-R): Peter Thal Larsen, Felix Salmon, Ben Hirschler, Krista Hughes

Risk Takers Anonymous

January 31, 2009

An eminent scientist who studies the brain and economics thinks that the financial industry in essence became addicted and insensitive to both risk and reward.

Banks to be disintermediated? or is that just replaced?

January 30, 2009

Is it actually distintermediation if the thing being disintermediated has ceased to function?

Overheard in Davos

January 30, 2009

One of the best things about Davos is the conversations you overhear. It’s like no place else.

Hank Paulson is not Gavrilo Princip, Lehman is not the Archduke Franz Ferdinand

January 29, 2009

Was letting Lehman go down the biggest mistake of the crisis? Many, including George Soros in the Financial Times, have argued that letting Lehman go down sowed panic to markets, consumers and businesses.

from James Saft:

Stephen Roach – protectionism a threat

January 28, 2009

Stephen Roach of Morgan Stanley, who pretty much called it at last year's Davos, when consensus was for no recession in the "real" economy and decoupling of emerging markets, is gloomy again. Speaking with him this morning after he did an interview with Reuters on Davos Today, Roach said that there was a real threat of protectionism as politicians come under pressure from rising unemployment. The U.S. and China relationship will be key, he said.

from James Saft:

Balance of power upended at Davos

January 23, 2009

So, back we go next week to Davos for the World Economic Forum 2009, titled this year "Shaping the post-crisis world."