Goodbye 2007

Another year has come to an end with so much happening in these 12 months. There was certainly a lot to celebrate but also a lot to ponder.

a) The World continues to be in a mess. Forget global warming for now because from Iraq to Iran and beyond the Middle East continues to be in chaos. The whole region which should has been Chaostan remains a potential source of wider global warfare.

b) The Global economy continues to grow with emerging markets, China and India above all, pulling it forward. In the USA however the clouds are gloomier as yet another financial bubble (housing) burst. People are getting squeezed from all sides: cost of living going up (from food to gas) while home foreclosures skyrocket, and the subprime and credit mess spread. And yes let’s not forget the almost worthless US dollar with the Feds spending like there is no tomorrow.

c) The year of 2 key Innovations. With all these excitement around, people were definitively happy to stand in line for hours to get their hands on some exciting toys. This was definitively the year of the Ipod and the Wii which are shacking up the telecom and game industries. And if the economy continues to worsen lots of people will have plenty of time to play those great super Marios games on their phones or in front of their TVs.

Yes it was a year to remember. Goodbye 2007!