Column: Davos, where the rich and powerful go to show off their ignorance
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The annual World Economic Forum in Davos, Switzerland, is known for its inaccurate economic forecasts and misjudgments by business and political leaders. In an interview, Jamie Dimon, CEO of JPMorgan Chase, made delusional judgments about current affairs and recent politics, praising Donald Trump's presidency and suggesting that negative talk about MAGA (Make America Great Again) would hurt Biden's electoral campaign. Dimon's statements on NATO, immigration, tax reform, and economic growth were contradicted by facts and evidence. The article criticizes the tendency of Davos attendees to make unreliable predictions and highlights the lack of expertise in political matters among business leaders. The history of inaccurate predictions at Davos is mentioned, including the failure to anticipate the subprime crisis in 2008 and the election of Trump in 2016. The article concludes that bringing together successful but self-important individuals to forecast the future is unreliable and disconnected from reality.
#Davos #WorldEconomicForum #EconomicForecasts #JamieDimon #JpmorganChase #DonaldTrump #Maga #Nato #Immigration #TaxReform #EconomicGrowth
https://www.latimes.com/business/story/2024-01-17/at-davos-jpmorgan-ceo-jamie-dimon-praises-trump-in-an-amazingly-dumb-interview
Los Angeles Times /
npub1ka…ct50x
2024-01-18 00:30:14
Author Public Key
npub1kat3x50s05kl9v0lqxq5qsl0znf0eu2rwyeq4xyplj80ga740k9q9ct50xPublished at
2024-01-18 00:30:14Event JSON
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"content": "Column: Davos, where the rich and powerful go to show off their ignorance\n==========\n\nThe annual World Economic Forum in Davos, Switzerland, is known for its inaccurate economic forecasts and misjudgments by business and political leaders. In an interview, Jamie Dimon, CEO of JPMorgan Chase, made delusional judgments about current affairs and recent politics, praising Donald Trump's presidency and suggesting that negative talk about MAGA (Make America Great Again) would hurt Biden's electoral campaign. Dimon's statements on NATO, immigration, tax reform, and economic growth were contradicted by facts and evidence. The article criticizes the tendency of Davos attendees to make unreliable predictions and highlights the lack of expertise in political matters among business leaders. The history of inaccurate predictions at Davos is mentioned, including the failure to anticipate the subprime crisis in 2008 and the election of Trump in 2016. The article concludes that bringing together successful but self-important individuals to forecast the future is unreliable and disconnected from reality.\n\n#Davos #WorldEconomicForum #EconomicForecasts #JamieDimon #JpmorganChase #DonaldTrump #Maga #Nato #Immigration #TaxReform #EconomicGrowth \n\nhttps://www.latimes.com/business/story/2024-01-17/at-davos-jpmorgan-ceo-jamie-dimon-praises-trump-in-an-amazingly-dumb-interview",
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