IMF chief economist on the wires from Davos 22 Jan

  • China needs to take further steps to open up its economy to imports

On EU:

  • more can be done on EU's banking union project
  • notably on common deposit insurance

On global economy:

  • main risk is complacency

On cryptos:

  • regulators must watch cryptocurrencies carefully

Yes folks, many of the world's great, good but largely indifferent, meet again in Davos this week for a love-fest of vested interest.

Expect a barrage of similar hot air all week.

Obstfeld showing how to strike a serious pose