Davos Annual Meeting 2008 - Update 2008 US Economy

http://www.weforum.org/annualmeeting 23.01.2008
Update 2008: If America Sneezes, Does the World Still Catch a Cold?
As uncertainty looms over the US economy, there is confidence in some circles that China and India and other emerging markets will drive global growth -- despite the fact that G8 countries still represent over 50% of the global economy.

Are we finally witnessing the long predicted decoupling of global growth from the US economy? And is the dollar's current weakness a long-term, versus cyclical, trend?

C. Fred Bergsten, Director, Peterson Institute for International Economics, USA
Cheng Siwei, Vice-Chairman, Standing Committee, National People's Congress, People's Republic of China
Michael S. Klein, Chairman and Co-Chief Executive Officer, Markets and Banking, Citi, USA
David H. McCormick, US Undersecretary of the Treasury for International Affairs

Moderator
Marcus W. Brauchli, Managing Editor, The Wall Street Journal, USA

Category:

News & Politics

Tags:

• World
• Economic
• Forum
• Annual
• Meeting
• 2008
• WEF
• Davos
• davos08
• commentary
• analysis
• news

[yahoovisitor]

Pakistani investor/industrialist is mercilessly throwing 85-90% of Pakistans National Wealth out to the foreign banks. Remaining 10-15% wealth in Pakistani banks is declared as the income and taxation is being done on its behalf. As a result of fake inflation created due to this blunder govt declares all reactions as terrorism whereas main terrorist is 1st State Bank of Pakistan not stopping National Wealth from being thrown out and then the govt imposing unjust taxes to fill its empty stomach.

[yahoovisitor]

The way Earthquake affected people afraid of their cracked walls & roofs to be falling on them are sitting under the open sky, in the chilled cold similarly the US investors afraid of declining economy are not investing any more in the collapsed US financial system afraid of their investments to distort in the worst way, thus making the US economy balloon burst altogether. 3:54 And (the unbelievers) plotted and planned, and Allah too planned, and the best of planners is Allah.

[yahoovisitor]

The period of 6-18 months for the people to learn the harmful basics seems a joke. As majority of US citizens is educated & aware of the economical crisis. Cheap waged laborers are due to growing global population in search of food. But creating joblessness in USA in search of cheap foreign labor is not the answer. It will burst the economy balloon being patched. The interest rates may be revised to the applicable level. But creating disharmony or joblessness doesnt solve the economical decline

[yahoovisitor]

This is about the same situation Pakistan is passing thru. Countrys economy is being loaned/sold @ the rate of a common mans life leading to anxiety & flux in all departments of life ensuing in no-investment crisis & every new govt blaming the past for all the hazards & again taking its hands out to beg for more loans. The country is being sold out eventually by parts, with disorder, joblessness, fake inflation, injustice & hypocrisy as the main issues resulting in anarchy & suicide bombing,

[hliu376]

the second guy speakin sounds like bush

[egodust11]

siwie: "oversupply of dollar makes it weaker" = inflationary to point of impending systemic collapse. the fed reserve corp is creating relentless paper notes to bail out credit/debt crisis. most nonpartisan economists agree.

only time will really tell.

[sunnierday]

the general view is rather optimistic.

[ap259]

The Davos forum couldn't have come at a more interesting time in the U.S. Economy. I'm curious to see how what is being said plays out in the coming months.