American Economy

The failure of Lehman Brothers and sale of Merrill Lynch clearly shows the picture of USA economy.

 

Recently US Govt. given bailout to AIG and overtaken Goldman Sachs and Morgan Stanley is now under the command of US administration.

 

It will create big unemployment in US and affect the whole world severely and if right steps are not taken by US government than definitely the whole world will face big slowdown as happened in 1930-40 when all world faced huge slowdown except Russia. This time it looks like that China will be able to beat the inflation while rest world is finding it difficult to save themselves from impact of slowdown in US economies.

 

Please present your views regarding same.