Good Tuesday morning. (Was this email forwarded to you? Sign up here .) A bleak message reverberates in Davos An influential financier warned investors in a letter to pay heed to growing risks and social tensions — and the message is already resonating at the annual meeting of the World Economic Forum in Davos, Switzerland, Andrew writes in his column. In his annual letter, Seth A. Klarman, the billionaire investor who runs the Baupost Group hedge fund, warns that social and political division risks economic calamity: “It can’t be business as usual amid constant protests, riots, shutdowns and escalating social tensions.” His message is likely to encourage hand-wringing of a sort usually seen in Davos, Andrew writes. Mr. Klarman says mounting debt in developed countries since the 2008 financial crisis could lead to a financial panic. He is especially worried about the debt load in the United States: “There is no way to know how much debt is too much, but America will inevitably reach an inflection point whereupon a suddenly more skeptical debt market will refuse to continue to lend to us at rates we can afford. By the time such a crisis hits, it will likely be too… Read full this story
- World Science Forum 2017 Jordan issues Science for Peace Declaration
- George Soros warning: China’s ZTE and Huawei can’t be allowed to dominate 5G
- Zuckerberg talks business culture at China Development Forum despite Facebook ban
- How America's aging economic expansion could stay alive for years
- Here’s what the White House has to say about AI and our economic future
- The world needs to rethink the value of water
- The World Is More Unequal Than Ever. Is That Because of Technology?
- Martin Sorrell Quits As Head Of World's Biggest Ad Group WPP
- Nanotech Solutions to the World's Biggest Challenges Can't be Plucked from a Tree
- Wildlife Conservation: World's Richest Nations Aren't Doing Enough To Save Large Mammals From Extinction
DealBook Briefing: World Economic Forum Begins With a Warning have 321 words, post on www.nytimes.com at January 22, 2019. This is cached page on Vietnam Dance. If you want remove this page, please contact us.