Year 2008 has been marked as one of the worst in the history. It all started with sub-prime crisis followed by world-markets crash. We saw oil prices climbing above $ 150 per barrel and witnessed wiping off some of BIG MNC banks like Lehman Brothers, Wachovia and saw companies like Citibank and GM tremor to the economic tunes.
US had to bail out Citibank and GM, preventing a big financial fall. This was followed by job cuts in US. Is it over or are we going to see some more of it in the Year 2009? There are mixed feelings among the economists. Some say there is more to come whereas some are of the opinion that, the worst is over. We also saw terror attacks here in India with Mumbai twice falling victim to terrorism, claiming hundreds of lives.
Surprisingly, it proved to be a best year for the Indian sports arena. Indian cricket won T20 as well as shooter Abhinav Bindra claimed gold medal at Olympics 2008. There were some outstanding performances by Sania Mirza (ranked 32nd in the tennis world) and Saina Nehwal (foraying into the top 10 badminton world rankings).
Hopefully, all of us would like to see Year 2009 bring peace and cheers to the people. This would become possible with controlled inflation, lower loan rates, affordable oil, etc.
Though, oil prices have fallen significantly, but more changes and reforms are required to bring back HAPPY OLD DAYS and normalize the situation. Wish Goodbye to year 2008 and welcome Year 2009.
Wishing you all a very happy and prosperous new year 2009 !!