The Year that was -2010

Hey guys wish you all a very happy ,prosperous and fulfilling new year 2011! I have been blogging infrequently in 2010 but hope to do better in 2011.
The past few days I have been watching a lot of these reviews and recaps.The media chose to dub the past year as one of scams ,the page 3 called it the year of big duds but I believe that the last year of the first decade post millennium was the one that defined change.It stood for the unravelling of all that we took for granted and in economics it marked a paradigm shift. All those who advocated a culture that’s spending heavy cannot now stop singing praises of the thrifty Germany and the saving Asians. Europe fell and boy what a fall it was! You see economists seldom understand whats going to happen given a set of circumstances partly because they assume all of us to be rational in their theories which behavioral economists will kindly point out that we are predictably crazy.So economists are much like astrologers and failure analysts ,in retrospection they work well but are unable to hit the nail where it matters most-the future. So 2010 saw the Euro take a mighty hit and the EU totter ,The US seems unwilling to overcome the slump and people are now debating on a double dip recession.The year was all about currencies and a purported currency war!it was also about new super powers,falling giants and protests.
2010 also saw in our nation the Ayodhya verdict being delivered,a plethora of scams and the dangerous ways of the UPA to own up to nothing and blame it all on a doubtful saffron terror nexus.it was also the year of Julian Assange the wikileaks’ editor ,the new age role model and maverick iconoclast. you can see why youth like him. but seriously I don’t believe he brought out anything that really shocked you out of your senses and the US decided to make a mountain of a mere irritant.
we saw the big ones come to our doorstep and the media had a field day in describing Obama’s visit as a mendicant come calling for jobs!A tad premature and overdone ofcourse. its also the year when everyone for a change wanted their one time nemesis US to interfere in their internal affairs because they realized that China is more scary and less trust worthy.
On a lighter note in football the world saw the order shaken up once again. for all those people who argued years ago that the European way, in particular the efficiency of the Germans and the English was the way to go and that beautiful play doesn’t win you matches are now left without a balm to lick their wounds.Tell them Iniesta from Spain and Messi from Barca its enough.haha revenge is sweet more so when its cold!and thats what 2010 is about changing power balances and new power houses.It has changed forever the world we knew and the one that oUr children would grow up in.