What’s the state of the world’s economy and financial system? The annual gathering of the world’s leaders in the field at the World Economic Forum at the posh ski resort of Davos, Switzerland, painted a very nasty picture. The financial world is crumbling, unfair, and full of unacceptable risk.
One of the great questions through this stage of the depression is how alarmed the great thinkers are about the current situation. Make no mistake – this conference was sobering at best, terrifying at worst. It you’re looking for good news, take comfort in the fact that the world’s leaders have clearly sounded the alarm bells.