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December 31 Economic Trends of 2008Despite the noble prize being awarded to Global Warming educators - Al Gore et al., I wasnt really seeing any changes impacting my (common man's) day to day life. I just came across an interesting WSJ article that the awareness and conscientious prick along the most wealthy - decline in private jet usage, construction of recycled wood - indoor bowling alleys, greenhouse garden constructions/remodeling will be on the rise. As this change is powered by the top income grossers, I am really looking forward to a huge positive impact this will have on the society around global warming and rise of new markets that facilitate this change.
Due to a weakening dollar and conscious spending (even by the wealthy), art prices are likely to drop down by about 10%.
Spiking oil/energy prices will drive down the foreign/exotic travel. Instead, the wealthy will show willingness to spend their money on quality dinners, global philanthropic organizations etc.,
Welcome to a more eco-friendly, spend-wise, philanthropic and happy new year 2008! |
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