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United Advisors Chief Market Strategist Scott Martin on whether business is accomplished in Davos.
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Davos Switzerland -- home to world class skiing.
Luxury hotels fine dining.
It is a whole city of the yearly World Economic Forum for I'm an event where.
The world's financial and political -- decide what's best for the rest of us.
Delegates can spend hundreds of thousands of dollars to get there.
They stay in posh hotels they rub elbows with labs like Derek cheater and -- it Charlize Theron.
Right but should -- diamond -- 200 exit just like the world's fanciest -- here.
So here to help us because.
The united advisors chief market strategist and his party expert because well Scott -- at what.
Are you pretty XP -- you gotta be.
-- -- and he -- mart -- my reputation my reputation proceeds me once again doesn't -- I begin to as I do what.
You.
It's kind of like do you set amidst the world's biggest Jagger -- the best Jagger it's like that -- after prom party I -- Melissa.
You always want to get invited to because.
It really is a matter of just being seen in exchanging.
And -- since the business cards because.
Nothing does get done -- you mention it I mean this is something that goes on every year.
And -- so my Jack there's been a financial crisis every year in fact one -- right after Davos it seems like the last few years so.
Doesn't -- get done probably not but it's on our own ways to be that's for sure.
Gags like as super awesome opry -- -- band around one title laugh about this is that so the big paper and push that they put out how to time.
Was -- hoping and how we have to spend you know six could Jillian more dollars every year on climate change your routes you know we're gonna all burst into flames or something like that.
And but it the same time it got me wondering about the carbon footprint of Davos itself.
See -- we're trying to check out sort of what a mess Davos itself makes and it turns out that more than a hundred private jets just for example.
Flew into the Zurich airport and they had to start diverting them.
To cigarettes because there were just too many private planes clogging -- the Zurich airport they couldn't fit anymore and if you look at the data.
It was 121000.
Tons of CO2.
That were -- associated with the event last year I mean is this I don't think it's really is good for the environment is they would like to think and.
It's a -- numbers are pretty scary and their toll contrast.
Villages said the purpose of the -- it.
I'm sure that people in Switzerland absolutely you -- the headaches that downloads creates and there's not many people that live in Davos either so it's like a total takeover.
Another thing interesting Jim let's say is that you know these days and in the way the world is -- everybody struggling to get economic growth and get their deficits under control what's gonna keep in mind is.
Visit everybody is very censured these days right you know the US problems are not good Europeans problems and they're not that Chinese problems and not to Indians -- in a sense that there's a lot of other things going on that each each country has to address.
That is so centrist but how can anybody get anything done because everybody is up after their own -- terms.
Yeah -- totally in another I mean other things that I loved about this did you know that the theme of this year's meeting was resilient dynamism.
And what does that mean yeah did you stay longer in the vicinity -- -- -- minutes extra in the hot tub have a yeah.
That is Brazilian -- you know I at first I was like that I thought they had coming -- view of the dynasty may be which would be.
Just the wrong message I think from them but it know it turns out you know it's about.
Continuing to be dynamic and it into being resilient to that changing environments.
Nened hot in -- -- -- -- it doesn't.
Maybe it's the Baghdad that the Dow -- dynasty if you I like I like your take on that yes.
It's more and more crazy it just out of what -- never hear maybe that's what they're going for their insanity is resilient maybe that's it -- -- now wolf thank you for coming on -- helping me get to the bottom of this.
We didn't figure out what that he's an expert on diddley made some progress just let me Vatican that it looks like a great party and others thousands and thousands of bottles of wine that get -- so that's something.
Space coming on.
Have a great weekend -- stay warm great.
