Corporate conferences are certainly proving to be more thrifty and conservative than in previous years given the current economic situation.
AXA's was no different, when it invited all of its global CEOs together a couple of weeks ago to debate the current market environment. For me it was reassuring to see that our balance sheet has held up well, which I think is a blessing for the future and an endorsement of our financial stability. Much of the talk was of the current economic situation with little in the way of reliable predictions for the future - economists can't even agree on why we've arrived where we have, never mind agreeing on the future. For what it's worth, our chief economist believes there are signs of a rec...
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