Stephen Roach – protectionism a threat

January 28, 2009

Stephen Roach of Morgan Stanley, who pretty much called it at last year’s Davos, when consensus was for no recession in the “real” economy and decoupling of emerging markets, is gloomy again. Speaking with him this morning after he did an interview with Reuters on Davos Today, Roach said that there was a real threat of protectionism as politicians come under pressure from rising unemployment. The U.S. and China relationship will be key, he said.

Could Davos mark the bottom?

January 27, 2009

It is, no doubt, going to be the most gloomy World Economic Forum in years ever. Fewer parties, lower profiles for the masters of the universe TARP.

Balance of power upended at Davos

January 23, 2009

So, back we go next week to Davos for the World Economic Forum 2009, titled this year “Shaping the post-crisis world.”