Happy New Year to everyone, we are end of a decade and start of new year, a new decade. 2000-2009 was the one of the worst decade as per my opinion. 2 recessions, 2 wars and more and more terrorist attacks. However, our life goes on and on, we had a great quality as human being, which is forget the past, and move on. The celebration's are the main source to motivate people, forget all and move on.
As oppose to everyone expectations, 2009 year was not a growth year rather it was stabilizing year. The stronger end of year holiday shopping lift some hope for 2010, but as per latest news holiday shopping in U.S.A mainly boosted by international travelers, many from euro zone, pacific rim, and Canada spent lot of money here. The trend is also now jeopardy since the strict international travel measure, thanks to the sole terrorist attack against U.S.A bound flight. U.S.A consumers are still in stingy mood, the money flow tighter than before and deteriorating labor market. The market pundits now speculating 2010 will be again a stabilizing year and 2011, 2012 will be growth year.
Even though the reality is little tough, i think 2010 will be a good year for everyone, if not great one. Labor market will improve, i foresee some new way of flowing money will be invent, new technology break through will happen and BRIC countries continue to develop faster than industrial nations. But i'm sure that we are not going to see any miracle happen overnight to change the overall economy condition of U.S.A and rest of the world.
Happy New Year 2010....
2 comments:
nice one..i am trying to be more visible in the social web - don't want to be an onlooker any more in 2010 :)
Thanks Bhaskar...
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