John Maynard Keynes once stressed on the importance of approximation and hence the current scenario of the world can be analysed in this respect in its economic and financial dimensions. The global domain has seen a major dip to desperation in recent times with the acquisition of major banks of the United States of America. The share market is an entity which is quite vulnerable to rumours and hence the stocks are likely to be affected either in the positive sense or in the negative sense as a result of any single rumour. The present situation has given rise to many rumours on a worldwide scale and hence global stocks have been influenced to a degree which is not encouraging for any potential investor. USA is now not only a superpower in terms of military strength, but is also one which has a globally affecting economy. Hence many eminent persons like Bill Clinton for instance have likened the situation in the American economy with formidable adjectives. The crisis is therefore the worst thing to happen after the collapse of long term capital management of USA in the year 1998. This is the instance given by Bill Clinton and many other have been put through by many other eminent thinkers as well. Things have however started to trod the path of improvement with a never before seen teamwork between the fiscal and the monetary entities. This teamwork is entailed in the form of a monetary amount which has been infused in the American economy in order to save the day. The indian economy is also now on the brink of curtailing the storms of this crisis. The day hence is therefore quite likely to see the light of hope once again and this is a crisis that will also cease to be one, as the tides of time flow in all their splendour.