Global recession coming

[milanbenes]

less of it you cheeky monkey

granted, I missed the sub prime mortgage lending in the US from
my explanation, however, the sub prime mortgage lending is not the whole story or the end of the story

it is not the sub primes going bust which has caused a sell off across the markets

Milan.

[Buffoon]

Now this may be a load of old bollo, but it will make SASguru very happy.

The Dow Jones Insdustrial Average ($INDU) is 95% correlated for the period oct-2005 -> Mar 2007 with Oct 1927 -> Mar 1929.

Chart

What happened later in the year?

[Diestl]

Ever heard of Fixed Rate Mortgages?

[oraclesmith]

Footsie's like a fiddlers elbow today. Up over 100 points though. Another dead cat hitting the deck maybe?

[ratewhore]

US producer prices have jumped by more than analysts forecast in February.

According to the latest Labor Department figures, prices climbed by 1.3% in February compared to last year. In January, prices dipped by 0.6%.

The driving force behind the increase was a surge in the cost of food, energy and toys, the Department said.

The figures underline fears that US inflationary pressures are still strong and will need further interest rate rises to bring them under control.

doomed etc...