2008 THE YEAR SO FAR? (Revisited)
Politics 2.0 has taken a break as it has been a busy time for its author. Admittedly, the previous post of a year in review was way too premature. Imagine if the year had ended in August? Hundreds of thousands would still have jobs and the Dow Jones may still be over the 9000 mark or higher instead of flirting with breaking the 8000 barrier. Obama or McCain may have been President, the price of oil would have been higher, Lehman’ and Merrill would still be around and climate change would mean talking about global weather and not acclimatising to our lower living standards.
But the year did not end in August and “it is what it is”. The question is what would the world be like in 2009? There is a fine line between prophecy and forecasting. But if one follows the middle path between the two, everyone can agree that the world economy is going to be as glum as
