22 July 2009 - I believe the citizen of the world are still waiting for the next big thing after the crash of 2008 especially in restarting the global economy, or else this year World Economic Forum in Davos would be discussing the same thing as last year or the know-nothing would resort to blame someone else for the crash perhaps Greenspan, Capitalism or mankind.
The global markets desperately in need of a new product in the market that can make consumer go crazy in their spending. I've saw an ill-attempt by the know-nothing in the government that were trying to courage consumer in spending without realizing the true nature of why consumer do spend their money. The ill-consumed, half-baked policy, events, or even guidelines that were thought as a catapult in consumer spending is totally useless. Consumer spends because they are confident of the market environment plus with the believe that they really do need to spend.
Especially during hard time such as this where capital is scant and very hard to find, what the market do need for its vigour is new products that are innovative, energy-saving, cheap and really in need. That's why I want to emphasize that the simplest thing that can make domestic market flourish with consumer capital is something that can make their life better. But the only company that were doing this at the moment maybe the Tata Motors with their Nano.
I haven't seen any company that were taking advantage of the current low demand of crude oil in making a consumer friendly, energy saving products such as plane that do not rely on jet fuel. Not even a single energy giant that were even trying to procure another way of amassing power except through cheap, old and unfriendly crude oil. Nobody even learn why the 9/11 tragedy happen. And that is the reason why I do not feel sorry for the world when the crude oil once again reaches USD 150 perhaps in a year.