The power of words
It is always so astounding what words can do
At the World Economic Forum in Davos for the first time since 2007 the tone concerning economic development was positive. And those words immediately drove up stocks and hopes.
This week the bank Credit Swiss announced its results of 2012. 25% down on profit. That sank its stocks for a moment. Then the CEA said that looking at the full picture they had actually done 100% better which drove the stocks up by 2.6% immediately. Continue reading

