This recession is the worst for decades, where are heading next?

Global stock markets are still plunging, people are still losing money, millions have lost their jobs and millions have lost their homes to foreclosure, the banking system is in crisis. Have we seen the worst yet.

It started with a falling dollar, record rise in crude prices, people defaulting on mortgage payments, credit crisis, record forclosures and now the whole global financial system is in shatters.

Hopefully there shouldnt be another depression, everything is getting worse.
Will the governments act right and save the world?

if the governments ensure that the packages of money they give to banks and other institutions are put into their intended use, then we might just avoid being hit by the worst. but if like what caused this whole thing, care is not taken in spending the government packages by the world financial institutions, then kaos may break.