Davos

21 January 2020, 09:24 AM

wtg

Davos

quote:
A parade of billionaires, CEOs, world leaders and hangers-on has now arrived in Davos, Switzerland, bearing skis, packed schedules and deep concerns about the global economy.

PwC's annual Global CEO survey — 1,581 CEOs across 83 territories — was conducted in the fall and released tonight as the World Economic Forum opened. It makes for some pretty alarming reading.

The big picture: 53% of CEOs expect global economic growth to decline in 2020, up from 29% in 2019 and just 5% in 2018. Their views of their own companies’ prospects were the bleakest since 2009.

That sentiment was spread across all regions, though CEOs in the Asia-Pacific are most optimistic and North American CEOs least so.

https://www.axios.com/world-ec...fd-821722632460.html

PWC's global CEO survey: https://www.pwc.com/gx/en/ceo-.../ceosurvey/2020.html

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When the world wearies and society ceases to satisfy, there is always the garden - Minnie Aumônier

21 January 2020, 11:48 AM

Nina

Davos drives me nuts. Although, to be honest, if we're ever going to make significant dents in climate change it will have to be strongly supported, if not driven, by these individuals and corporations. But it reeks of virtue signaling more than anything else.

21 January 2020, 12:10 PM

CHAS

"Expect Negative 2020 Returns Unless Yields Beat Expectation" - Agweb

21 January 2020, 12:22 PM

Nina

And if yields somehow do beat expectations, how is the market to sell? I'm not an ag person, Chas, but I know you are.

21 January 2020, 02:33 PM

jon-nyc

quote:
Originally posted by Nina:
Davos drives me nuts. Although, to be honest, if we're ever going to make significant dents in climate change it will have to be strongly supported, if not driven, by these individuals and corporations. But it reeks of virtue signaling more than anything else.

The climate battle will be won or lost in Beijing, not Davos.

21 January 2020, 03:22 PM

Nina

Agreed, but Beijing will have to respond to business conditions as set by those who attend Davos (not necessarily from anything coming out of Davos).

21 January 2020, 04:01 PM

Mikhailoh

quote:
Originally posted by jon-nyc:
quote:
Originally posted by Nina:
Davos drives me nuts. Although, to be honest, if we're ever going to make significant dents in climate change it will have to be strongly supported, if not driven, by these individuals and corporations. But it reeks of virtue signaling more than anything else.

The climate battle will be won or lost in Beijing, not Davos.

This. Plus, we have been hearing the sky is falling ever since 2016. Will we have a year less lucrative than 2019? Almost undoubtedly. My financial plan is based on a 3-4% return annually on average. More than that will be the gravy.