Banks 1, nation states nil

April 12, 2011

The battle between the banks and nation states is shaping up as something that lies between a phony war and a rout.

from Davos Notebook:

Overheard in Davos

January 30, 2009

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

from Davos Notebook:

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.

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.

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.”