Our brave new world, according to Davos
https://www.telegraph.co.uk/business/2023/01/24/brave-new-world-according-davos/
AMBROSE EVANS-PRITCHARD:
On the global economy, I learned that the Davos fraternity overwhelmingly believes in a soft-landing and a painless immaculate disinflation. “The complacency this year is stunning,” said Harvard professor Ken Rogoff, an expert on debt cycles and a former US chess grandmaster, accustomed to looking more that one move ahead.
The optimism has not reached the surreal levels of January 2008, which must go down in history as the acme of financial self-delusion, but it is strangely blind to obvious dangers.
https://www.telegraph.co.uk/business/2023/01/24/brave-new-world-according-davos/
AMBROSE EVANS-PRITCHARD:
On the global economy, I learned that the Davos fraternity overwhelmingly believes in a soft-landing and a painless immaculate disinflation. “The complacency this year is stunning,” said Harvard professor Ken Rogoff, an expert on debt cycles and a former US chess grandmaster, accustomed to looking more that one move ahead.
The optimism has not reached the surreal levels of January 2008, which must go down in history as the acme of financial self-delusion, but it is strangely blind to obvious dangers.