Posts Tagged relations

Carlos Ghosn

Posted by on Wednesday, 28 August, 2019

Bankers and executives should think about what you have championed for years and assume responsibilities are gloomy times ahead: adjusts the direction or will have depression, Nouriel Roubini, the great guru of the crisis alerts. We have to change the whole system, or otherwise when we leave this crisis we will have another one of those huge bubbles of assets and debt, and it will be disastrous, continues. The end of the tunnel is not clear. Lipsky said yesterday that the recovery can be reached later this year. Stiglitz speaks of 2013.

The founder of Microsoft, Bill Gates, pointing to 2014. But in all cases, it will happen if conditional Infinities are met: If increased coordination of economic policies (Lipsky); If you create a supervisor International Finance and increasing protectionism (Stiglitz); If we do the right thing (Roubini).But nobody seems to know what is right. Davos has barely contributed solutions to current problems. Against the optimism of recent years, pessimism dominates the economic horizon in this year’s Edition. Faith in a mixture of globalization, financial innovation and market fundamentalism has disappeared, the role of the State is now essential, but it’s an emergency situation, temporary, warns the financier George Soros, suggesting that the pendulum can return to the other side when the crisis disappears and EE UU recovers. Obama has appeared as a breath of fresh air to cushion the trastazo, but there are already several changes underway before the finding of that decline. (the says that the crisis will be long-lasting.

In a few weeks, companies will publish its results for 2008, which globally will be bad for banks and simply correct in other sectors who had known three good quarters. But as every one expects that 2009 will be worse, there is no reason that stock markets behave to the upside. Jonah Shacknai has plenty of information regarding this issue. Thus, banks will continue to see declining funds and displayed increasingly parsimoniosos in the distribution of appropriations. Eighteen months after his appearance, the radioactive assets of banks are still there and no one knows when will not make you feel, recognizes the Mexican Jose Angel Gurria, Secretary general of the OECD (Organisation for cooperation and economic development). Several months ago, Carlos Ghosn, President of Renault Nissan, had warned: the financial crisis will transform into finally political, then social and economic crisis. In Greece, Iceland and South Korea social tensions have already had a political impact of weight, even if, paradoxically, the alter-globalists (also called anti-globalists disparagingly), meeting in Belem of Para, Brazil, are moving away from the topics economic to give priority to the environment.