Klaus Schwab speaking at the annual World Economic Meeting.

“We are all in some way responsible for not recognizing the risks of a world completely out of balance. We should have listened much more to those who saw the signs on the wall, and to those who also spoke out here.”
Professor Schwab, Chairman of the World Economic Forum
 

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4 comments
  1. Seo Cart January 29, 2009 at 9:14 AM  

    Klaus Schwab is a very wise man. Unfortunately it is not up to the wise, educated men to make most decisions. It is up to the politicians. And we all know that while they come in all shapes and sizes, they all have one thing in common - not one of them has a clear conscience. Or maybe they all do, because they never use it ;)

  2. steven wilson January 29, 2009 at 9:29 AM  

    You are right Klaus is a very wise man,but will politicians listen to him, probably not it would not put the bribe money in their pockets.
    Politics are out of control in this country,and Obama is no different from all the rest.

  3. emini trading room February 1, 2009 at 7:27 PM  

    We have many wise men in this country and abroad. Unfortunately, no one listens to them so the gangsters we have Washington will continue to pilfer the tax-payers bank accounts and print money that has no value other than that of the promise of a corrupt government.

    On a side note. We need to watch the DOW very carefully over the next few months. If it continues to slide and breaks through strong support around 7200, I think we will see a panic like we haven't seen since 1929, imo

    Off my soap box now,

    Thanks,
    Phil

  4. On the Money February 3, 2009 at 1:07 PM  

    Stating the bleedin' obvious as though nobody else had thought of it ... !!!!!

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