.jpg){kind=avatar}
Is Davos out of touch with with reality? According to the Huffington Post, "Davos has become a place to homogenize executive management views. This in turn will homogenize investors' expectations which will lead to market crashes."
2) Banks are returning to "business as usual." Remember when they said "everyone is doing it" led to the Wall Street Crash of 2008? The current fad is "FinTech." Davos was buzzing with FinTech. The exception proves the rule; Morgan Stanley's James Gorman said regulation is still a bigger deal for banks, and bemoaned the "near hysteria" surrounding FinTech. 3) When executive management gives itself handsome pay increases while laying off their workers, it shows something is amiss. In manufacturing this sort of executive self-rewarding would be unthinkable. So the question we have to ask ourselves is, have our "leaders" lost touch with reality? Or are those at Davos to be trusted with leadership?
http://www.huffingtonpost.com/benjamin-t-solomon/is-davos-credible_b_9078870.html
