World Economic Forum Davos | Summary day 1 themes

Themes I have picked up from the World Economic Forum on day one from blogs, speeches, and other comments.  Anyone attending in person and reading this, I would love to hear your observations and perspectives in the comments.

  1. government | the worlds orientation towards government economic support and regulation is at once welcomed and a concern.  A powerful sub concern is that of untended consequences – there is a general sense that the level of government support towards bailouts will create problems in the near future that we do not understand.  [my contribution – there will be rampant inflation during 2010/2011 as interest rates are ramped up significantly and home currencies revalue in consequence.  This in response to  refinance of bonds printed to ease credit crisis and bailouts]
  2. small business | support is directed at large business yet the engine of world growth is expected to be small business, especially in developing countries.
  3. bankers credibility is shot | typified in the comment “Do I really want to hear a banker tell me about the financial mess?”
  4. Crisis | will get much worse before it gets better.  “First we had the financial crisis. We still have that plus an economic crisis. Now we’re getting both plus a political crisis. This is getting ugly.”

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