Today world leaders, policy makers and a handful of business executives gather in Switzerland for the annual World Economic Forum. As if unemployment numbers, a bankrupt Iceland and the recent reduction of the British pound weren’t indicators of an economy in crisis, the somber tone at the forum might do little to restore confidence in the global economy. This year the meeting lacks the usual lavish ski trips, celebrity sightings and business titans. There is also barely a smidgen of American representation. Most prominent politicians have opted out of the conference in order to work on our own ailing economy. For a look at what those present are forecasting, we are joined by Andrew Ross Sorkin. He is a columnist for The New York Times, where he is also the chief mergers and acquisitions reporter.
"Last year the tone had already shifted. And most people here, they sold their stock."
— Andrew Ross Sorkin, editor of the New York Times blog DealBook, on the mood at the World Economic Forum in Davos, Switzerland