On day three of the 2022 World Economic Forum annual meeting, a discussion about the market's disconnection from reality and warnings from George Soros and Al Gore about the future of civilization.
Greetings, delegates and WEF watchers!
We’ve reached the halfway mark: two days of discussions, prognostications, and billionaires’ dinner parties down; two to go. Today’s weather forecast looks a lot like yesterday’s, which is to say still very un-Davos like. Keep that umbrella handy.
How detached are markets from economic reality? Less so now than a few weeks ago, certainly. But the question remained a compelling title for a panel Tuesday at the Congress Centre, where Goldman Sachs’ Kathryn Koch said now is no time to sell. “[T]his is the point where people inflict a lot of damage” on their portfolios by capitulating, she argued.
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