obama economic forum
obama economic forum
The Bulls & Bears at Davos
The 40th anniversary of the Davos Annual Meeting is a defining moment for world leaders as they meet under the theme “Improve the State of the World: Rethink, Redesign, Rebuild”. Over 2,500 leaders from over 90 countries representing business, government and civil society will work together on pressing challenges.
And, like last year the bears are brandishing their claws again, even as investors declare it’s time for them to hibernate. Billionaire George Soros, Nobel laureate Joseph Stiglitz and Roubini Global Economics LLC Chairman Nouriel Roubini return to the Swiss ski resort this week warning the economic recovery will prove weaker than financial markets are betting and the 10- month rally in global stocks may falter.
The timing could hardly be worse, coming just as major banks and securities firms announce bonuses for 2009!
Total executive compensation for the year is expected to be nearly $150 billion for U.S. institutions alone, based on an examination of securities filings. Public wrath is running as high as ever, with everyone from President Barack Obama to tabloid editors taking aim at bank executives. Worse still, Davos and the bonus season come amid blanket coverage of the catastrophe in Haiti. “It’s a double-edged sword,” says Leslie Gaines-Ross, chief reputation strategist for public-relations firm Weber Shandwick. “Davos represents a serious forum and they should be part of it. But, to Main Street, it’s the Alps versus Haiti right now.
Hello! 
Investors are lining up against the pessimists, who were lauded at last year’s meeting of the World Economic Forum for predicting the economic and financial crisis. The MSCI World Index of stocks is up 67 percent since March, as money managers at companies including BlackRock Inc., the world’s largest asset manager, and Barton Biggs’s Traxis Partners LP buy equities partly on the expectation the recovery will strengthen.
BlackRock predicts the Standard & Poor’s 500 Index will end the year at 1,250, up 13 percent from the Jan. 22 close, and the 10-year Treasury note will yield almost a percentage point more at 4.5 percent. Biggs began 2010 projecting a 10 percent gain in stocks and the dollar.
Roubini’s firm forecasts corporate bonds will outperform equities, the dollar will weaken and the interest rate on longer-dated U.S. government securities will fall toward the end of the year. A report with specific projections is currently being prepared. “If I’m correct, by the second half of the year there’s going to be a slowdown of growth in the U.S., Europe and Japan,” Roubini said in Hong Kong on Jan. 21. “That could be the beginning of a market correction, because the macroeconomic news is going to surprise on the downside.”
Don’t you hate it when Roubini is right!
Who is right will be one of the debates dominating this week’s 40th Davos conference of more than 2,500 political, business and financial leaders. With the crisis ebbing and the International Monetary Fund set to raise its forecast for global growth in 2010 from 3.1 percent, “the mood is likely to be upbeat,” said Niall Ferguson, 45, a history professor at Harvard University in Cambridge, Massachusetts. “Dr. Dooms will be somewhat at a discount in the Davos market.”
Investors are nevertheless upbeat. Forty-three percent of respondents in a quarterly global poll of market professionals who are Bloomberg subscribers said the international economy is improving, up from 37 percent in October. Thirty-eight percent said their country’s benchmark stock index will rise in the next six months; 33 percent say it will vary little and 27 percent say it will fall. “The global economy is picking up strength,” said Traxis Managing Partner Biggs, 77, who piled into equities at the bottom of the market in March.
You place your bets and we’ll spin the wheel! Las Vegas all around the world.
About the Author
As a spiritual-futurist, I have a BA degree majoring in history. One cannot know the future without knowing the past which holds clues to what is on the horizon. The world is in such a rapid expansion of knowledge that we are close to entering a tipping point that will forever change earth as we know it.
Did Obama just lie again?
This is from Yahoo News on the story about his response to a McCain staffer’s statement:
““Which probably explains why last night when they were speaking, all these speakers [at the Republican National Convention] came up, you didn’t hear a single word about the economy,” Obama said at an economic forum in New Philadelphia, Ohio. “Not once did people mention the hardships that people are going through.””
He said “not once did people mention hardships? I could have sworn I heard Lieberman say we needed someone with experience in these difficult times?
Did Obama open his mouth? Well then of course he lied…but it doesn’t count as a lie if your telling a specific branch of the uber-liberal left wing of the demoncrap party exactly what they want to hear.
|
|
SIGNED TEA PARTY ANTI-BARACK OBAMA BIBLE VERSE SIGN VTG $10,000.00 |
|
|
Anti-Obama, Tea Party, Political T-Shirts TOP QUALITY $308.00 |
|
|
Anti Obama Bumper Sticker “100 PC VARIETY!” Impeach HOT $199.00 |
|
|
Tea Party Anti Obama Decal Bumper Sticker GOP 3″ x 9″ T $140.00 |
|
|
Tea Party Anti Obama Decal Bumper Sticker GOP 3″ x 9″ U $140.00 |
|
|
Tea Party Anti Obama Decal Bumper Sticker GOP 3″ x 9″ V $140.00 |
|
|
Anti Obama Bumper Sticker “50 PC VARIETY!” Impeach HOT! $110.00 |
|
|
TEA PARTY ANTI OBAMA WEBSITE BUSINESSES FOR sale $89.99 |
|
|
500 OBAMA BARACK ZERO DOLLAR ANTI BILLS NEW $79.95 |
|
|
Tea Party Anti Obama Decal Bumper Sticker GOP 3″ x 9″ Q $75.00 |
|
|
Tea Party Anti Obama Decal Bumper Sticker GOP 3″ x 9″ R $75.00 |
|
|
Tea Party Anti Obama Decal Bumper Sticker GOP 3″ x 9″ S $75.00 |
|
|
(5) DOPE FOR CHANGE, anti Obama black T-shirts S/M/L/XL $74.99 |
|
|
10 Recycle anti Obama T-shirts republican WHOLESALE $74.99 |
|
|
1-20-13 anti Obama conservative 10 T-shirts WHOLESALE $74.99 |
|
|
Hope Fails anti Obama 10 T-shirts WHOLESALE REPUBLICAN $74.99 |
|
|
NEW Obamao anti against Obama 10 T-shirts WHOLESALE $74.99 |
|
|
NObama 10 T-shirts WHOLESALE anti against Obama S-3X $74.99 |
|
|
NOPE 10 T-shirts WHOLESALE anti Obama S-3X conservative $74.99 |
|
|
NEW! (10) NObama wholesale anti Obama T-shirts $64.99 |
|
|
(20) 1-20-13 / NOPE anti Obama bumper stickers $59.99 |
|
|
(4) NEW 1-20-13 Hope for Change anti Obama T-shirts $49.99 |
|
|
Tea Party Anti Obama Decal Bumper Sticker GOP 3″ x 9″ N $45.00 |
|
|
Tea Party Anti Obama Decal Bumper Sticker GOP 3″ x 9″ O $45.00 |
|
|
Tea Party Anti Obama Decal Bumper Sticker GOP 3″ x 9″ P $45.00 |
|
|
50 Bumper Stickers: conservative, tea party, Anti Obama $39.99 |
|
|
10 NObama 6×4″ bumper stickers conservative anti obama $35.99 |
|
|
Anti Communism Socialism CCCP USSR Obama Hoodie $34.99 |
|
|
Anti Communism Socialism CCCP USSR Obama Hoodie $34.99 |
|
|
Anti Communism Socialism CCCP USSR Obama Hoodie $34.99 |
|
|
Anti Communism Socialism CCCP USSR Obama Hoodie $34.99 |
|
|
Anti Communism Socialism CCCP USSR Obama Hoodie $34.99 |
|
|
Anti Communism Socialism CCCP USSR Obama Hoodie $34.99 |
|
|
Anti Communism Socialism CCCP USSR Obama Hoodie $34.99 |
|
|
Anti Communism Socialism CCCP USSR Obama Hoodie $34.99 |
|
|
DEPORT ILLEGALS ANTI OBAMA CONSERVATIVE HOODIE $33.99 |
|
|
NOT A RACE CRIME DEPORT ILLEGALS ANTI OBAMA HOODIE $33.99 |
|
|
SECURE OUR BORDER PATROL ANTI OBAMA DEPORT HOODIE $33.99 |
|
|
REPUBLICAN ANTI OBAMA COMMUNIST SOCIALIST HOODY HOODIE $33.99 |
|
|
REPUBLICAN ANTI OBAMA NOPE KEEP CHANGE HOODY HOODIE $33.99 |
|
|
ANTI-OBAMA ENEMY OF THE STATE GOVERNMENT HOODY HOODIE $33.99 |
|
|
PIECE LOVER PRO GUN PISTOL ANTI OBAMA GLOCK HOODIE $33.99 |
|
|
iPACK PACKING GUN PISTOL ANTI OBAMA HOODIE $33.99 |
|
|
GOD & GUNS SINCE 1776 ANTI OBAMA GOVERNMENT HOODIE $33.99 |
|
|
CAPITALIST ANTI OBAMA GOVERNMENT REPUBLICAN HOODIE $33.99 |
|
|
ANNOY A LIBERAL ANTI OBAMA TEA PARTY HOODY HOODIE $33.99 |
|
|
ANTI OBAMA NOBEL PRIZE LOL JOKE LAUGH OUT LOUD HOODIE $33.99 |
|
|
WATERBOARDING INSTRUCTOR ANTI OBAMA TEA PARTY HOODIE $33.99 |
|
|
TORTURE INSTRUCTOR ANTI OBAMA TEA PARTY HOODIE $33.99 |
|
|
THE DEMOCRATS SOPRANOS MAFIA ANTI OBAMA HOODIE $33.99 |
|
|
Tie Dye Tapestry~ Sun Tapestry~ Approx 40 x 45 $17.99 … |
|
|
Peace Poster~ NEW! Go Green ~ Approx 24 x 26 Inches This “2000 Peace” poster is approx. 24” x 36”… |
|
|
Right Wing Extremist picture frame Ever Feel Like you’re Wanted!? Now you can prove it! Ever feel it is a Crime to Believe in the Constitution, Bare Arms, Oppose Illegal Immigration, Abortion and Big Government? It is your right! Now display it with this Alder Wood, Laser Engrave Photo Frame that holds a 5″x7″ photo. Makes a Perfect Gift, Great for Fun, for e… |
|
|
Change Is Gonna Come Sessions $8.98 Bettye LaVette stole the show at President Obama’s Inaugural concert with her impassioned rendition of Sam Cooke’s “A Change Is Gonna Come,” performed with Jon Bon Jovi. Here LaVette performs the song on her own in an intimate studio setting, along with five other classic tracks by African-American songwriters, written in the spirit of change.This product is manufactured on demand using CD-R reco… |
|
|
Why So Socialist? $9.99 1 Sick Unit has a new take on politics, Why So Socialist. Never one to shy away from saying what everyone else is thinking. 1 Sick Unit says they do not like socialism. We think if you are a socialist you should not live in the United States. You should go somewhere that embraces socialism. Does that not make more sense than trying to change the United States into the Peoples Republic of Obamica?W… |
|
|
Peace Soap – Organic Aloe Vera, Natural Mint and Herbal Scent – 9-oz Glycerin Bar $5.99 … |
|
|
George W. Bush Miss Me Yet Mens T-Shirt Fans of former President George H.W. Bush will get a kick out of this T-shirt with post-presidential poke at the current administration. Finally The Tables Have Turned! This shirt insist “its time for change” once again! This shirt has a hilarious picture of bush on the front in Obama’s campaign style art with the Miss Me Yet quote beneath. It also says in bushism “Hows that hopey-changey thing wo… |
|
|
You Miss Me Yet? George W. Bush T-shirt, Hows That Whole Hope And Change Thing Working Out? Our T-shirts are made of 100% fully machine washable cotton blend for a cool and comfortable fit every time. Funny Political T-shirts…. |
|
|
Miss Me Yet? George W. Bush T-shirt, Hows That Hopey-Changey Thing Working Out for Ya? Our Mens T-shirts are made of 100% fully machine washable cotton blend for a cool comfortable and versatile fit every time. This shirt has a hilarious picture of bush on the front in Obama’s campaign style art with the Miss Me Yet quote beneath. It also says “Hows that hopey-changey thing working out for ya?” A Must have for all Bush fans and Obama haters alike…. |
|
|
Don’t Tread On Me – Gadsden Flag tea party anti obama MAGNETIC bumper sticker $4.49 … |
|
|
Between Barack and a Hard Place (Paperback) $9.94 Longstanding anti-racism activist Wise presents two essays exploring issues of race in America in the context of the election of the first person of color, Barack Obama, to the presidency of the United States. In the first essay he argues that, electio… |
|
|
Colorblind (Paperback) $10.07 Tim Wise (ANTI-RACIST REFLECTIONS FROM AN ANGRY WHITE MALE), a noted and passionate spokesman for racial equality, argues that racism is alive and well and that despite the election of Barack Obama, America remains disturbingly far from being truly “co… |
|
|
The Audacity of Races and Genders (Paperback) $26.85 In this exciting and insightful new work, Zillah Eisenstein weighs up the new anti-imperial possibilities created by the 2008 election of Barack Obama. Eisenstein likens the end of the Bush/Cheney presidency to the fall of Stalin, or Pinochet… |
|
|
The Audacity of Races and Genders (Hardcover) $98.4 In this exciting and insightful new work, Zillah Eisenstein weighs up the new anti-imperial possibilities created by the 2008 election of Barack Obama. Eisenstein likens the end of the Bush/Cheney presidency to the fall of Stalin, or Pinochet… |
