The economic depression which has began from US on 8 September, by the fall of freddie mac and fannie mac,and on 12 September the bankrupt of the LEHMAN brother.Then their become a spate of fall down of banks in US.
AIG US government by its 80 % stake and try save her, Jp morgan,Washington Mutual,Wachovia,Goldman Sachs,and list is too long. US government has provided add of $700 billion to infuse liqudity in the market,this amount is twice of indian gdp.But still today the condtion going to worst . Many of the economist comprising this depresssion to the great depression of 1930.
Points for the cause this turmoil
1. High commodity prices
