Wednesday, 27 June 2007

US Housing Debt Crisis set to Worsen into wider Stock Market.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/06/26/cnusecon126.xml&CMP=ILC-mostviewedbox
A possible acceleration and expansion of the US Housing crisis on the cards. It seems the big Banks will be taking a hit thanks to overzealous lending. The overall market now seems set to go down even further in the short term as the bank stocks will be rated as overvalued. The US economy is not in good shape from many perspectives. A US recession will impact on all the markets - watch out !

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