Taking off again

Freddie and Fannie rescued action by government was considered as end of “tenebrous” period. The final lingering issue of Lehman also will be resolve and then we are fine. So are we learned any lesson from this episode? Are we ready for next boom cycle? This time it won’t be technology, real estate, banking, energy and transportation. What else we have now to boom? We tried all and there is nothing left for us to try and boom. But don’t be pessimist; there are still lots to do in this mysteries world.

Next big thing could be from agriculture to health care revolution. We have to feed our growing number of population and to invent more life saving medicines. Next growth, (i believe) will be for a good cause like all others, such as end poverty, reduce killer diseases etc. There are many drugs patent expire on 2010 onwards that helps other countries to produce and use the medicine, fuels some growth.

Technology side there won’t be any uplift, because technology revolution is now subsiding and what we have now is superfluous. Apple did a good thing on last event ("lets rock") that they didn’t introduce any new products, rather focused on new features and stable updates for iPod, iPhone etc. SaaS and cloud computing, Web 2.0 will continue to flourish in coming years.

From 2001 episode we learned how to not greedy about stocks, buy and sell more regularly, and 2006-2008 episode we learned how to not greedy about real estate. In future, if there is a burst that is all because of our greediness, just an admonition.

Comments

sukumar said…
interesting post Subba. Technology gives competitive advantage and every 5 years or so something new comes up that can give competitive advantage. I think this time it is web 2.0. The fact that it is poorly understood and not yet implemented widely makes it the biggest opportunity for companies to enhance their competitive advantage if they are able to do it right. If it was easily understood it will cease to be an advantage like e-commerce has become now - a commodity.
9:12 PM
Subba Muthurangan said…
Thanks Sukumar. Yes. Web 2.0 poorly understood now, i think big tech companies not giving the much needed push for Web 2.0. I wrote something related this a long ago.
http://ibloggergeek.blogspot.com/2008/02/whats-behind-web20.html
6:50 PM
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