Dreadful Davos – The World Economic Forum Meeting 📈📉

Dreadful Davos – The World Economic Forum Meeting

China was one of the topics discussed at the annual WEF meeting in Davos, Switzerland, but that wasn’t it. Every year, the World Economic Forum hosts a meeting in Davos for business leaders, economists, and even policymakers to discuss the state of the global economy along with the factors involved. A lot of things occurred at the forum, but there were a few highlights that must be covered.

First, there seemed to be a high amount of pessimism between those who attended the forum regarding the future of the economy. Fears of a recession continue to increase even among the big banks, who have set aside a combined $4 billion in preparation for one. This pessimism, however, seems to be countered from optimism regarding things like global inflation peaking, placing sentiment in a weird spot.

On the political side, controversial senators Joe Manchin and Kyrsten Sinema were present, furthering their controversial stance on the filibuster. When talking about policymaking, they both made a comment about agreeing with each other on not removing the filibuster before high fiving each other, a move that didn’t sit well with their Democratic constituents.

For now, economists are monitoring ongoing and possible world events that could affect the economy in a major way. Future events include a speculative conflict between China and Taiwan or the US defaulting on their debt due to partisan hackery that is preventing action from being taken. Ongoing events include any escalation of the Russian invasion of Ukraine and the reopening of China that we discussed earlier.

Want to learn how to invest? Download the Invstr app, where you can play Fantasy Finance and manage a virtual investment portfolio or open a brokerage account and invest for real. Take our interactive investing course on Invstr Academy and become a better investor today!

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:

More Posts

Load More
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Facebook Twitter Youtube Instagram Snapchat Tiktok
learn
products
plan
Who we are
blog

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community.The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results.Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such.Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.