Click to play videoDavos: In the quaint ski resort of Davos delegates are beginning to trickle in for the annual World Economic Forum.
Even as the snow is falling and skiers shuffle out of the train at Davos-Platz station, the panic on world markets and fears of an economic meltdown are reverberating all the way to Davos because it is the site of the annual World Economic Forum.
Central bank governors and CEO's gather to talk about world's economic growth every year at Davos.
An American company's CEO says it'll be hard to get away from talk of a recession.
"I think it'll be a big challenge to keep the focus on what the themes were originally, with all this global market turmoil," he says.
Big names like US Secretary of State Condoleezza Rice, World Bank chief Robert Zoellick, former British prime minister Tony Blair and many others will soon arrive for the forum.
The buzz in the hallways is about how we got here and whether the Federal Reserve's aggressive 75 basis points rate cut will be enough to stop a meltdown.
"The fact that people were borrowing to spend and the rate at which people were saving was 0 per cent, it meant that people were living on borrowed time and it is now coming back to haunt them."
The curtain is rising and in the next few days the world will look to its most powerful decision-makers for answers.
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