Gross: Davos fiddles while global markets burn. Monetary policy increasingly ineffective. Fiscal stimulation non-existent.— Janus Capital (@JanusCapital) January 20, 2016
He is right, and yes: the world's billionaires and highest profile actors may be in Davos with their private jets 'representing' the world's middle class, railing against the unfairness of inequality and "attacking corporate greed" (#Ref!) but at least the fiddling will be surrounding by the usual fawning "journalist" groupies, proudly on deck to ask preapproved and scripted questions resulting in even more scripted answers until the farce is repeated again 12 months from now.