2008 has been a year of events , a global economic crisis was suggested by several important indicators of economic downturn worldwide.
These included high oil prices, which led to both high food prices (due to a dependence of food production on petroleum, as well as using food as an alternative to petroleum) and global inflation; a substantial credit crisis leading to the bankruptcy of large and well established investment banks as well as commercial banks in various nations around the world; increased unemployment; and the possibility of a global recession.
Lehman Brothers was wiped out and AIG and ML got near about crashed.
Sensex Crashed and people lost jobs..
The world looked as if it has become a one big market where almost everyone involved directly or indirectly. Strangely that's the truth of the day.