In a CNBC clip, which slipped between the cracks last week, Alibaba founder Jack Ma, who has been busy trying to get into Donald Trump's "circle of trust", spoke in Davos and blamed the problems of the United States on the United States itself, as a country which has spent trillions of dollars to wage war, instead of investing in infrastructure and its own people.
Earlier we reported that according to Goldman, virtually all of its investing clients are "anxious" and/or unsettled" due to rising confusion over Trump policies. As Goldman explained, "'Unsettled' is our best description of fund managers’ mindset as the new administration takes office. During an extensive series of client meetings in the US, Europe and Asia, it became apparent that investors are confused about how to best position portfolios under a Trump presidency... Policy uncertainty was a topic of concern raised in every client meeting.
Submitted by Eric Peters via EricPetersAutos.com,
America is in trouble because Americans got lazy. Not so much physically but morally. They began to care more about some passing thing than about the things that truly matter; the things that made America unlike other places.
Better than other places.
While President Trump chose not to attend the elite extravaganza in Davos last week, choosing instead to lambast the great-est and good-est of the world's executives in their crony capitalist safe space, the cognitively dissonant CEOs reassured each other by saying 'ignore the tweets', confident that "if [Trump] knows the facts, he’ll respond according to the facts." It depends whose 'facts' those are, of course.
Submitted by Chris Hamilton via Econimica blog,