Gambling is a subject that comes up a lot in Davos. There's a large casino right near the Piano Bar, only a short distance from the Congress Center. Participants are constantly asked for their expertise so people can put their money on one scenario or another. And, really, after a few drinks, sleep-deprived, hedge-fund managers can wager on some pretty odd things.
And who is "Heard in Davos" not to join the party?
On CNBC, C. Fred Bergsten, director of the Peterson Institute for International Economics, made a bold proposition. He bet a steak dinner at the WEF annual meeting 2012 if the US economy doesn't grow 4.0 percent this year.