Global recession may be in the midst.

The economy has taken a huge hit. The Bailout plan was supposed to rescue the economy, so far the market has only slipped farther down.
USA Today reported Dow Jones has fallen further and further in the market in the last seven sessions. Thursday the stock fell below 9,000, and the first time since 2003 that it has fallen below that point.
According to the money section in USA Today on Thursday, the market summary shows all four companies are down more 35% for the year.
It isn't just the American market that has been effected by the bank's loan problems.
The article reported U.K. having to form similar plans to America's Bailout plan that was passed last week.
Iceland, specifically has been forced to take control of their largest bank for fear of collapse.
Investors aren't investing anymore, the scare has hit their confidence and it's not likely to improve quickly.
Jon Noonan, chief investment strategist at Appleton Partners, doesn't seem hopeful that drastic change is coming soon. He said, the problems the economy are facing may cause this recession to last longer than any other since World War II.
All the global economic leaders such as China, Russia, Germany, U.K., and many others are all having to cut bank interests and buy out banks.
Unless confidence picks back up and people start investing it seems the U.S. economy and the economy of the world are in for a rough patch.