Experts are divided in their opinions. They are not sure, if the ongoing economic crisis of the United States has reached its climax, or we are sitting, composed in the eye of the economic hurricane. Whatever be their opinions about the current economic condition, they are quite in agreement about what and who has disassembled the US economy.
US sub-prime housing market has started pulling bricks out of the US economic foundation and banks followed suit, which resulted in loss of billions of investors’ dollars. To safeguard their remaining wealth, panic-stricken investors started pulling out their investments from the market, both domestic and global, and the result is right in front of us, the global economic recession.