Are you confident that global growth will be restored in 2009?

[eldorado61guy]

There is nothing new under the sun. The rich will get richer and the poor will get poorer. Myself, I'm looking at the ground for Pennies and Ketchup packets on the ground.

[Ddonjuan]

who wouldn't love a piece of Maria? with those lips

[StacyDom]

70% of the economy is consumer spending. There is ALOT of money out there and if people spent it, We would be better off. Bush put 750 Billion Obama 787 and G-20 1 Trillion.. So the money is there.. it just needs to start flowing.. What can turn Chrysler around?? People buy them.. Want to turn the housing market around?? Buy a house.. Buy a Ford instead of a Toyota.. Watch America get better

[mojame100]

@StacyDom

What turned Chrysler around? Fiat! And yes, I would have never believed it either.

[F4O4U4R4S]

will the economy turn around in 2009 HAHAHAHAHAAHHAHAAHAHHAHAHHAHAH­AHAHAHAHA

no!

[solarenergywind]

Here's a code... CEOs must have their salary restricted to no more than 5 times the amount given to the least paid employee... and a company must be ran in a way where it is forbidden to outsource any manual labor. So if they feel that it's ok to pay $10 an hour then their salary is restricted to $50 an hour. If they raise the minimum salary to $20 then they'd be entitled to $100 p/h That way everybody in the ship rises together and the ship stays afloat

[vikramkrishnan]

a much simpler system compliant with a free economy and competitiveness would be:

1. All exec bonuses shall be paid in stock. (Hence if your company goes bust, so do you)

2. Bonuses shall be paid lumpsum for top execs once every five years ( so we know that any bonus is due to genuine growth and not due to bubbles

)

3. Bonuses may be converted to cash only when teh exec leaves the company.(i.e. corporate responsibility)

[stallyone]

I love these ideas you provide. They make since. I am especially favorable of #2, ensuring that the executives provide/secure sustained growth and value for the company and not just a temporary market spike.

[mercedes75]

if the Davos snob function was worth the "prestige", they would've prevented the economic crisis.  instead they spent all that money paying Bono to play for them. Please media, SPARE US!!

[Harshcore811]

Damn she is hot and the economy is tapped out and done.

[wow1DK]

Do not know what to say

[XMaster4000]

Maria Bartiromo!

I miss you so much, ever since my cable provider stopped broadcasting CNBC. Damn, Bloomberg is just so boring in comparison.

[CanyonLakeTX]

No, It will take more time to restore the economy. How much time all depends on the way we address the issues. The first mistake was made in a desperate attempt to respond to a fears in the financial system of the US.

The Seven Hundred Billion bailout could of cured 1.4 trillion dollars worth of financial problems.

Here is one example.

We could have spend the bailout money paying bad debt for a select group of consumers. This would stimulate the economy and banks would get their money.

[Simpateeko]

What they call growth is people going into debt.

Debt is slavery.

The only thing that's gonna come out of Davos is a tighter economic noose around your neck.

Don't choke on any stinky cheese.

[Charbax]

Replace consumption of material goods with the consumption of intellectual goods. If you reform the copyright system so everyone can spend more time watching and listening to any movie or piece of music they want, instead of always buying new hardware, then you are potentially fixing a large part of the pollution problem and keeping everyone happy cause to most people, consuming arts is just as good as buying stuff. Pay artists through taxes.

[chuckkottke]

We need a new approach - based on a 'quality of life' economy, not a 'quantity of stuff' economy. And economy that integrates safer materials from stem to stern, respect for workers and the environment, and one based on the more plentiful, abundant earth elements. The gains in efficiency are staggering, yet untapped - we just need to do it right! Sustainable growth in areas that need growth, and to add incentive it takes honest governments responsive to the citizens 1st and foremost. Fairness

[Vercingetorix1313]

fiat currency must die

[miltownkid]

I have the ULTIMATE answer. :)

[ZenitRS]

We can´t continue growing forever in a world with limited resources so even if we could I don´t think we should restore global growth because that will mean worse problems later.

[neotoy]

I second this comment. Such a simple, undeniable truth, and yet the staggering ignorance of world leaders and mainstream economists remains unchanged. They sure look stupid, don't they..

[temujoe]

What makes you think it's ignorance? More people equals more consumers equals more profits. They want to go to their graves in coffins of gold, and to hell with the world.

[neotoy]

There are of course sociopaths at all levels of society. 3-5% if I remember my statistics. However, most people have families and functional emotions. I believe that they would not willingly cause harm, or commit acts akin to suicide, if they were aware of the consequences of their actions. The alternative view is a world controlled by nihilists (3rd definition). That's a world I don't wish to live in.

[temujoe]

Most people aren't in control of most of the wealth and power though. More interesting would be to know the percentage of sociopaths in their sector of the population. Also, certain perspectives, like that of business, have traditionally been non-empathic. So even if ppl are empathic, they may act otherwise due to the culture of their position.

[Vercingetorix1313]

yes they do

[pebi86]

Change central bank system.

Fiat money is wrong.