Confirmation that the sell-off in global markets is a vote of no confidence in Global Leadership seems to have escaped our politicians. In fact half of them are on a 'well-earned' break...
We now know that the global economy requires a decisive, cohesive, centrally coordinated plan to address its structural deficiencies / inefficiencies. Relying on Bernanke and or Trichet to inject liquidity into markets will only, as has been the case over the last two years, delay the inevitable. Hoping against hope that China will pull us out of this mess is a little naive..
Some difficult decisions have to be made. Cutting spending is not necessarily the right way. Let us call on Global Leaders, in open discussion, to place jobs on the agenda; put politics on the back-burner and just this once, remember their 'fiduciary' duties in the interests of our sanity and for the future of our children.
We now know that the global economy requires a decisive, cohesive, centrally coordinated plan to address its structural deficiencies / inefficiencies. Relying on Bernanke and or Trichet to inject liquidity into markets will only, as has been the case over the last two years, delay the inevitable. Hoping against hope that China will pull us out of this mess is a little naive..
Some difficult decisions have to be made. Cutting spending is not necessarily the right way. Let us call on Global Leaders, in open discussion, to place jobs on the agenda; put politics on the back-burner and just this once, remember their 'fiduciary' duties in the interests of our sanity and for the future of our children.
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