Sunday, February 01, 2009

Leadership lacking at Davos

News from the Davos "world economic forum" has been less than encouraging. The focus has been on sorting through the blame for our current global economic crisis and on explaining why various proposed initiatives to address the situation will not work. Those news reports could be one-sided. The business news media seems to have a thought process that is parallel to the now discredited momentum investing, up or down. The story line now is down, so that's what we hear, that's what is in the headlines. The negative tone accelerates. Then again, maybe what we're reading and hearing is all there is to Davos this year. The uncertainty continues and this gathering is no longer a self-congratulatory deal making confab. It's likely a soul searching exercise for many, and that's not all bad.


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