2009 was heralded in by throngs of despair investors, worried nations and jobless people. It was not all bad news, as a glimmer of hope lies ahead. The USA was given a new lease of life by the choice that the Americans have made. New lease of life? Perhaps, many would differ this opinion as the President-elect is someone who is not tested politically. All he has done was to give motivating speeches and a new hope to the many Americans.
But to think about it, what can go worse? After-all, the Bush administration has shown the Americans what can go wrong with the political system. I believe that the Obama administration lifted many moral stories from the Bush administration. Certainly, many of the Americans cling onto the aura of this in-coming administration. Yes. A new lease of life.
2009 will suffer the brunt of the mindless financial destruction. With it, demand worldwide will pause to reflect on its past gluttony. And thus, supply will be affected. And..... economics 101.
2010 will shine. Not shiny shine but definitely glossier than 2009. With the nations throwing money at the problem, and cutting interest rates with their eyes closed. By 2010, the world will be swimming in money. But money is after money. The value itself will be eroded and people will be thinking hey its my $1 really worthed $1?
Looking forward to Singapore's budget, come this Jan 22.
Happy 2009!
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