The Global Financial Crisis
Hello to all my friends who were bugged by me into reading (and commenting on) my first post & welcome to my blog once again. Yeah its been quite some time since I wrote my first post. So here I am writing the second post of my blog.Well, lets talk about the current events and news (I promise, I'll try to keep it interesting and readable). The biggest development (or disaster) in recent times has been the meltdown of the financial markets on Wall Street, New York (for the uninitiated, thats the hub of the world's largest Financial Insitutions) and the subsequent domino effect on major financial institutions in Europe and all over. The largest of the Banks are going bankrupt, the markets are at their lowest in recent history, oil prices though lower than what they were 4 months ago, are still high, in short, we are going through a big financial crisis. And it has the potential to snowball into an unparalelled economic depression engulfing the world economy. So what are the C...