Klarman, a billionaire recognized for his sober and meticulous analysis of the investing world. It was a dire davos trading of global social tensions, rising debt levels and receding American leadership. He is also one of the few who has received praise from the Oracle of Omaha, Warren Buffett.
While he declined to attend the annual Davos pilgrimage, his annual davos trading to his investors was circulated ahead of the Davos gathering.
It cautioned that a growing sense of political and social divide around the globe may end in economic calamity.
Klarman believes that the increasing debt load taken on by developed countries since the financial crisis of could result in a financial panic. He cites the increasing ratio of government debt davos trading gross domestic product from to They assume good times will continue, and they grow careless about risk, perceiving it through rose-colored lenses.
Klarman wrote. Will we see eye to eye on the seriousness of the threat? If our leaders are truth-challenged, will Americans believe the official explanation of the threat and the wisdom of the proposed response?