Financial crisis... It's a worrying trend indeed.
Since Lehman Brothers' bankruptcy and Merrill Lynch's sale, more bad news are coming in. Thousands of office workers will be jobless worldwide. Other mortgage giants are also facing this crisis like AIG and HBOS of Britain. As a result, stock markets are not looking well.
I don't know half the stuff they are reporting in the newspapers and I guess not many people will care, if they don't buy stocks or policies. But, this is going to affect the whole world's economy, so it got me worried.
Some experts liken this crisis as second to the Great Depression...
Edited as of 19th Sept:
Stocks markets were at an all-time low. More banks are being affected and this turmoil is spreading. Good news is funds are pumped in to aid some of those in need, although it still remains to be seen if this helps.
