This week the self-styled global elite and their accompanying media hordes gather in Davos, Switzerland, for several days of schmoozing and pontificating about the state of the world in 2013.
In many ways, things are better than in 2012. Though unemployment remains high in some countries and the global recovery looks fragile, some big political uncertainties (like the U.S. election) are off the table, and the dysfunctional U.S. Congress has stepped back twice from the fiscal brink.
But most important, the euro zone doesnât look like itâs going to implode. In fact, the Economist reported, âthe invalids in Europeâs medical ward are making a remarkable recovery.â
- 2Why one economist says no recession until at least 2016
- 2Pound rises against the dollar after U.K. GDP data
- 2Pound Halts Three-Day Drop as U.K. Growth Meets Estimates
- 2Deutsche Bank Said to Have Passed ECB Stress Test
- 2Amazon CEO Bezos Faces Season of Worsts as Losses Mount
- 3U.S. Stocks Extend Rally on Earnings; Dollar Declines
- 3Fedâs $4 Trillion Holdings to Boost Growth Beyond End of QE
- 3ECB Set to Fail 25 Banks in Review, Draft Document Shows
- 4Gold Rises From 1-Week Low as Investors Assess Economy
- 3Wall St. little changed as Microsoft offsets Amazon
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