Davos 2019: Parables from the Promenade
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Davos 2019: Parables from the PromenadeOn the train ride to Davos, the influential Swiss town in the middle of nowhere. I flew into Zurich from Bangkok so I was not ready for the cold at all.The economic mood hasn’t been so bright leading up to 2019’s World Economic Forum at Davos. We are very far along the risk curve and are left with a paucity of “alpha” to uncover, leaving the economy at its most fragile state after the unexpected Trump Rally. I often get asked where to park one’s treasury, and I can provide little input (not equities, not gold). The world today is still injured with the events of a mystical 2008 past, and the recent hit in the market leave us in weak confidence. Our collective memories and melodies are mystic not born in relation to reality, but transforms our (...)
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