It's another volatile day in the markets, with events moving at a dizzying speed.
The global financial crisis causes the credit crisis that takes the world in turmoil. Banks' shares are falling sharply. Firms being nationalized , collapsed and taken over. All the firms are such a strangers to me. All I know is AIG which has been partly nationalized. I am relief to read from the CEO of AIA insurance company from Malaysia that it has not affected the shares in Asia.

UK economy is in recession due to the downswing of economic activity . An inevitable truth that due to the fall down of banks , drastically leads to increase in mortgage rate, interest and decrease currency rates.
The financial crisis is likely to diminish the status of the United States as the world's only superpower. The US is already stretched militarily, in Afghanistan and Iraq war , and is now stretched financially.

So much for financial crisis. China is said to face food crisis soon. Sigh....

So far, the global financial crisis has caused more than a million doubts to the Asia market. Hope that we are not affected. Let's pray hard!