The financial system is in disarray
The sub prime mortgage crisis has gone global.
Credit crunch has begun.
8 U.S. banks have failed.
Consumers are in despair.
Assets have depleted.
Assets in the form of home value has gone down,stock portfolio has tumbled.
The balance sheets post negative results.
Wages are stagnant.
Food and energy prices are climbing.
There is pain , more pain all over.
Inflation is pitching high.
To contain inflation paper money is printed.
This is a very unhealthy sign.
An entity like a government body should enter to sort out the crisis.
Wonders cannot be wrought in short span.
Recovery is way ahead.
By 2010 ,the economy will become pretty sound.
Assets in the form of home value going down
