2008 in review – 5 things we will see more of in 2009
Well 2008 has been a big year here is my year in review – 5 things we will see more of in 2009.
1. The Credit Crunch – in 2008 we saw bank failures and basically a credit collapse. This probably isn’t news but we will see more of this in 2009. We still have a lot of “option arms” resetting. There was just as many of these as there were regular arm loans that we have heard so much about in 2008.
2. Bailouts – 2008 definatly was the year of bailouts. I have a feeling the bailouts are not over. I don’t think Obama will let any huge employers fail. The economy won’t get a whole lot better, because credit will still be difficult to get.
3. Social Networks – Facebook, Myspace all the other bigger ones will just keep getting bigger. The internet as a whole will get more interactive and social.
4. Micro Blogging – Twitter – It got big in 2008 and 2009 is just going to be a bigger year for them. Ofcourse like everything else, we will see hundreds of competitors popup. But Twitter is just too far ahead.
5. Foreclosures – There were a lot of foreclosures in 2008 – but in 2009 there will be even more. A lot of people are just barely hanging on. We will all see more people we know in 2009 filing bankruptcy and going into foreclosure.