Credit jitters return to Markets, American Housing slump may spark a recession

Credit jitters return to markets

The losses followed several days of gains on world marketsAsian shares headed lower as global credit worries re-emerged ahead of key US homes sales figures later on Friday.



Meanwhile, comments from Countrywide Financial - America's biggest mortgage lender - that a housing slump may spark a recession also knocked sentiment.



In China, shares were also hit as three banks said they were more exposed than thought to the US sub-prime crisis.



World markets have been in turmoil recently amid fears of a possible credit crunch in the US.
In Japan, the benchmark Nikkei index closed 67.35 points lower at 16,248.97, while the Hong Kong Hang Seng was 184.58 points down at 22,782.39 in lunchtime trade.





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http://news.bbc.co.uk/1/hi/business/6961602.stm





from the BBC News Website:



Comment:


Today, some analysts are saying that a Global Recession is possible, due to the knock effects of the American Sub Prime Crisis. I believe that we as Christians need to trust the Lord is these days, more than we trusted Him in the past:





Blessings





Blair

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