Sunday, January 31, 2010

My biggest take from Davos

There are a lot of interesting Davos news such as the CNBC poll showing more than half Davos delegates seeing government debt as the biggest global risk, but my favorite goes to DSK's comments that the country forecasts submitted to the Fund do not add up.

Apparently, everyone is expecting a external demand-driven growth, which is not possible, unless we start trading for unobtanium with the Na'vi. So some countries will be in for a tough surprise when the Fund reports in April...

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