The media didn't pay very close attention to the World Economic Forum in Davos, Switzerland, last week. Aside from coverage of the copious amounts of snow and the quick left spin on U.S. President Donald Trump's reception by the global elite, no one was really watching the gathering of billionaires and politicians there in the Alps.
They should have. The attendees are the One Percent and the people who worked to make 'em (and keep 'em) that way. These folks can money-whip the world in any direction they want it to go.
I'm not saying it's right; I'm not saying it's fair... but it's the reality. No investor can afford to go unaware of what these folks are doing.
I mean, I'm a skeptic, and not a believer in those weird "Illuminati" or "Trilateral Commission" conspiracy theories, but the Davos crowd comes pretty close.
They can raise and destroy markets, create or eliminate jobs - entire industries, even - and make or break just about every politician in the world.
The headlines from this gathering of gatherings, what few there were, were almost uniformly bright. Trump declared America "open for business," and the sentiment was well-received by the global honchos listening in.
And that's what's got me worried...
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About the Author
Tim Melvin is an unlikely investment expert by any measure. Raised in the "projects" of Baltimore by a single mother, he never attended college and started out as a door-to-door vacuum salesman. But he knew the real money was in the stock market, so he set sights on investing - and by sheer force of determination, he eventually became a financial advisor to millionaires. Today, after 30 years of managing money for some of the wealthiest people in the world, he draws on his experience to help investors find "unreasonably good" bargain stocks, multiply profits, and build their nest eggs. Tim tirelessly works to find overlooked "hidden gems" in the stock market, drawing on the research of legendary investors like Benjamin Graham, Walter Schloss, and Marty Whitman. He has written and lectured extensively on the markets, with work appearing on Benzinga, Real Money, Daily Speculations, and more. He has published several books in the "Little Book of" Investment Series and a "Junior Chamber Course" geared towards young adults that teaches Graham's principles and techniques to a new generation of investors. Today, he serves as the Special Situations Strategist at Money Morning and the editor of Peak Yield Investor.
I look forward to Tim Melvin doing his best to keep the Bear from mauling my money per his article "why now is the perfect time for central bankers to pull something stupid" dated January 30, 2018. No need to sign me up for the Money Morning newsletter as I'm on your mailing list. Please forward my comments to Tim as I now consider him as a fiduciary for my financial well being! Thanks, Jim
Thanck fo you.
I couldn't attend the Davos meeting. I had other more pressing engagements…and I wasn't invited! lol It's great to hear some of what was said there! Thanks for the information and the heads up!