26th January 2011
"Davos 2011: CEOs emerge from the bunker with new optimism. World political leaders, Hollywood stars and British CEOs arrive at the World Economic Forum, where confidence in economic growth is back to pre-crisis levels"
mikeblewes writes: "Is Davos like a sleepover for the rich kids?"
"The 2008 financial crisis was an "avoidable" disaster caused by widespread failures in government regulation, corporate mismanagement and heedless risk-taking by Wall Street, according to the conclusions of a federal inquiry."
"Households face the most dramatic squeeze in living standards since the 1920s, the Governor of the Bank of England warned, as he reacted to the shock disclosure that the economy was shrinking again."
steve49 comments: "If Mr King imagines the people are going to accept this then he had better think again!We did not cause this – you did along with that gormless idiot brown and balls – is there no one in the media world with the guts to interview them and ask some searching questions.The Banks did what they will always do when let off the leash and brown did exactly that!We are angry and rightly so and if you don't hold these people to account in a court of Law then you must accept the consequences! We have witnessed the anger come to the surface in Tunisia,now in Egypt – but then it can't happen in the UK – can it? How long before the people here latch on to just what the EU has been costing everyone of us – we were promised a vote on membership,first by brown and then by Cameron,both backed out!"
and andrewx says: "As we pay the inevitable price of failed central bank policy. Its time they abolished central banks in their current form."
"The experts' views:
"Dire" David Buik, BGC Partners
"Shockingly bad" John Hawksworth, chief economist at PwC
"Astonishingly poor" John Philpott, chief economic adviser at the Chartered Institute of Personnel and Development
"Staggeringly weak" Stuart Green, chief UK economist, HSBC
"Stunningly bad" Howard Archer, chief economist, Global Insight
"Exceptionally bad" Douglas McWilliams, Centre for Economics and Business Research
"Bolt from the blue" Andrew Goodwin, senior economic adviser to the Ernst & Young ITEM Club
"A terrible reading" Alan Clarke, UK economist, BNP Paribas"
One member of the Independent community has come up with his own versions of the views of the experts:
SirSidneyRuffDiamond: "God they're Clueless" David Buik, BGC Partners