Posts Tagged ‘Davos’

Notes From Underground: Back to Work and the Battle Cry of Pepper Spray Davos

January 22, 2013

First and foremost: Notes From Underground has become a global community and the outpouring of support and condolences to my family has been phenomenal. Again, my heartfelt thanks to all who expressed such wonderful thoughts.

Much has transpired since last Sunday as the Swiss franc and the Japanese yen have continued their recent weakness as intervention with the intention of forcing the YEN and FRANC lower have been very successful. Also, as usual, I will poke at this weeks circus in Davos, Switzerland. From my perspective, the entire conclave of insider trading–as the rich and business elites gather to discuss ways to save the world–in the last 20 years are a direct result of the political and economic movers and shakers exchanging ideas in the Swiss Alps. Yes, we go from crisis to crisis.

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Notes From Underground: QE Or Not QE? What a Silly Question

January 23, 2012

It is that time on the calendar when the FOMC gathers to discuss the economic landscape and analyze the output of flawed models to set a course with the a strong sense of absolute certainty of their convictions … at least until the next crisis. Many analysts are spewing the concept of another QE program so as to give the recent improving data some extra lift to insure that the recent growth has legs. It would be a bad decision for many reasons but the top three arguing against any new QE program are:

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Notes From Underground: Can the Obama Administration Please Find People Who Haven’t Been Responsible For Failed Policies?

January 19, 2012

The Obama Administration has taken recycling way too far. There is a rumor that former economic adviser Larry Summers is a potential nominee for President of the World Bank. Is there no one else besides these retreads who have represented and worked for the FINANCIAL-POLITICAL COMPLEX? Summers is a horrible choice as he has been tainted by his work and exorbitant compensation for several Wall Street firms. The idea that the World Bank president has to be an American is a throwback to the times when it was ok to fight anti-colonial wars around the globe and at the same time using the World Bank’s funds to buy friends and influence people no matter how tyrannical the regime.

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Notes From Underground: Battle Cry 2012–PEPPER SPRAY DAVOS

December 18, 2011

All these years of the high level meetings at the World Economic Forum in Davos and what do we have to show for its efforts? At the INSIDERS BALL, where the elites exchange views and pay up to $500,000 for the privilege to listen to ideas that are to move the global capitalist system forward. If the results of the last decade are the aggregation of the best ideas that the “best and brightest” are capable of, then it is time to end the charade of Davos and send the global elite home in tears before they can cause any further damage? The DAVOS crowd has fared well as the global economy has suffered creating a huge question mark over the policy output that is the result of the global hierarchy gathered in the scenic environs of Switzerland. This view is not new as the economist Adam Smith warned long ago:

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Notes From Underground: SHOULD THE SEC CLOSE DOWN DAVOS AS IT IS THE EPITOME OF INSIDER TRADING?

February 2, 2011

Now that the lights have been turned off at the World Economic Forum in Davos, and all the sycophants have praised the wealth creators of the world, the question must be asked: What takes place in this beautiful resort that people spend up to $500,000 for the privilege of sharing thoughts with the global movers and shakers? If so much can be gained by listening to policy makers in private sessions, shouldn’t the whole FORUM be deemed an inside trader’s¬†paradise?

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