I Don't Particularly Like Going On About

Mistakes Are Nothing To Be Ashamed Of.

Being Funny, It Turns Out, Is Like Being A Bank. It's A Confidence Trick. As Long As Everyone Believes In You, You Are Fine.

For Years, We've Grown Dependant On American Consumers As The World's Spenders Of Last Resort. They've Kept Europe Out Of Recession, Allowed China To Industrialise, And Prevented Global Deflation. But At The Same Time, They've Not Been Looking After Their Own Futures.

Interest Rate Cuts Have An Effect In Stimulating An Economy By Directly Or Indirectly Making Someone, Somewhere, Spend More Than They Otherwise Would. That Extra Spending Increases Demand And Ensures That We All Carry On With Work To Do, Without Us Having To Slash Our Prices Or Our Wrists.

But Beginners To The World Economics Forum Have To Understand There Is No Single Davos Experience, And There Is No Single Davos Community Either. There Are Numerous Tribes Who Interact Only At A Minimal Level.