Here I am in Davos and where is everyone else?
A lot of chief executives have signed up for the World Economic Forum but seem to be getting cold feet, so to speak, at the last minute. Today, we learned that Bob Diamond, president of Barclays, will not attend after all.
Philip Stephens writes about the ghosts of sterling crises past in the FT this morning. I only have one observation, as I pass through London on my way from New York to Davos for the World Economic Forum.
It is this: when sterling was at its peak of around $2.10 to the pound and the UK house price and economic booms were at their height, I found it rather frightening to return to my home country bearing my weak dollars.