Will 2010 be a better year for everyone?
- July 31st, 2009
- By Shane Wong
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Scanning thru media like news from prints, Television, radio broadcast and the internet, its always about the economy and the H1N1 pandemic. The world today has become much more of a challenge to the younger generation like me. Expectedly, the force of increasing stress and difficulty will be much more stronger for the much younger generation. Undeniably, it is a phenomenon that we all have to face. As titled, “Will 2010 be a better year for everyone?” is an ambigous question, or I would say, “it depends”. Well, just a random thought of mine which was sparked by the daily news headlines.
The economy data of the United States has not been fully disappointing. There are still awful ones which will really hit hard on the confidence of the people, but nevertheless, we are able to see some light at the other side of the tunnel. Demand for houses are back. Same goes to commodities. Singapore, recovered as much as 20 percent reported recently. Properties prices appeared to be on the green side. People are now buying, and buying and buying, as long they have the money, they buy simply because it is presumed (probably to be true) that everything is cheap. Will this create bubbles? Or will this create an incorrect view of the outlook of the world’s economy? No one knows.
Identically, the stock markets. As everyone could see, the Dow Jones Industrial Avergae (DJIA) has rise 40 percent since March 2009 to a level of 9,154 points. While the Straits Times Index (STI) gained more than 80 percent since March 09 too. Will this phenomenon continues to persist or is it just a market buying spree? Once again, no one knows exactly. Will the market once again plumet? Or will they really stay and grow stably. Well, hope so.
Businesses. Some are getting better in shape, some still adjusting to the changes, some are still on a downward slope. But fortunately, we can say, all of us has already been affected from this recession. Unemployment data continues to rise to a few years high. Economists and experts predict that there will be a second wave of people losing jobs. Whether the level of genuinity of the predictions, whether economists and experts are being pessimistic and hoping for a better than expected actual results, the road ahead for us, especially us, the younger generation, who will be completing their education, ready to join the workforce, will be seriously tough. I would say, we are a stronger batch. We will go smoothly and progress onwards.
What is in the future for me and us, we do not really know. Now as long as we make money, its positive sign. Because, only we, people (consumers), are the best indicator to the economy.
2010, a year for us to anticipate. Of course, what is in 2010 is what we did in 2009!

