Folks, what actually went wrong?, Which ship sank wit d whole trillions or rather zillions of dollars in d entire world dat year?, Could someone plz explain in detail the meaning of the above economic terms that were used to qualify the world's economic turmoil some two years,

Plz don't cast me, i'm just tryin to know i detail,

There seems to be so many explanations to the recession and not just one reason.But the most crucial factor is that wealth has been transfered from the western world to mostly asian countries.And when you calculate their population,then you will see that its not even enough for them, But there are other reasons as well!