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Looking Back, Looking Ahead: What to expect in 2009

December 31, 2008
Thanks to FoxyPar4

Thanks to FoxyPar4

As we move from 2008 to 2009, what to expect and what not to? A guide to better insight

At the strike of midnight today, we will move from 2008 to 2009, leaving behind a wake of terrible times and frayed nerves. 2008 will go down as a watershed year for the world history. If the failing of some of the greatest symbols of finance-dom was anything less, then the election of first ever Black President was no less. If even the last days of year showed jitters of Madoff scam then, certainly the rise of emerging economies will give a huge boost to the world economy. The following is a list of what I believe will be the next year’s outlook.

  • Financially the situation in US will not improve as easily as expected even with Obama at helm. The crunch will spread to credit card loans, student loans, car loans and a host of other credit based/leverage based non sophisticated sector. This will mark the final nail of the crisis, as exhibited by the all-pervading nature of a crisis like this.
  • General eco-political situation will worsen. Especially in geographical areas like Middle East, Indo-Pak, Afghanistan and other conflict prone areas in the first quarter of the year.
  • Asian markets will turn up faster than is expected.
  • 2009 will see a significant rise in the credit card penetration of traditionally savings oriented Asian countries like Indian and China.
  • Silicon Valley enterprises will suffer due to the unwinding of the credit card based consumption. Especially companies like Google, Yahoo, eBay, Amazon where a huge chunk of revenue comes from online spending. But an exception is Amazon as it has built a potential path-breaking area with cloud computing and low cost web infrastructure scalability.
  • Indian banks will once again emerge as the hottest property on the bourses.
  • 2009 will see Indian infrastructure taking a huge driving seat in the economy.
  • The realty will continue to be a cornered asset and the author doesn’t see much appreciation in this sector for this year at least.
  • Lastly, if 2008 had been when doomsday prophets ruled the roost, then 2009 will be when normalcy will inch towards our lives.

Once again, Jump Up and Soham Das wishes my readers a very warm and happy New Year. May you all, prosper, progress and grow. And more importantly, let us all be happy and satisfied.

Good luck, gentlemen. Good luck ladies. Good luck to you all.

One Comment leave one →
  1. paulraj22 permalink
    January 1, 2009 3:35 am

    awesome stuff 😀
    a nostradamus (hopin’ the spelling is right) in the making huh ? 😛

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