Exclusive: National Recovery Requires Banking Reform » Publications » Family Security Matters

Exclusive: National Recovery Requires Banking Reform » Publications » Family Security Matters: "Another World Economic Forum in Davos, Switzerland has come and gone. It didn’t get as much attention this year as in the past, and that is a good thing. Top government officials did not attend in their former numbers to mix with the rich and famous – and thus be subverted from their duties by the decadent glitz. With economic instability and rising tensions around the world, the libertarian notions the WEF was created to extol were being pushed aside by reality.

The WEF was dominated by business leaders, but major disagreements along national and professional lines were evident. Countries are climbing out of the Great Recession at different rates. A term used at Davos to describe the situation was LUV. An L-shaped stagnation in Europe; a U-shaped slow growth recovery in the United States; and a sharp V-shaped upturn in emerging economies like India, Brazil and China. The V is an exaggeration, as the emerging and developing countries continued to grow last year, just as a slower rate."