What a web we’ve woven
Thanks are due to the World Economic Forum for clearly explaining the interlinked web of misery currently facing the world. Make what you will of the details in the graphic below — and if you can, please do let us know! — but the overall impact really does spell it all out.
This Vonnegutesque cat’s cradle, incidently, comes from the forum’s new report, Global Risks 2009, released ahead of its annual meeting in Davos between January 28 and February 1. It shows an interlinked world facing a monumental series of interlinked risk, some of which investors are having to confront for the first time. Sheana Tambourgi, head of WEF’s global risk network, explains the report in this video: