Friday, Jun 29, 2007
Analysts are worried that the problems experienced in the sub-prime market could spread to the wider debt markets, causing easy credit to dry up across the globe. They also fear a pick-up in inflation both in the US and Europe.
TELEGRAPH UK: Markets fear global 'credit crunch'
Fears of a global 'credit crunch' have engulfed markets as the sub-prime shake-out claimed yet more victims and the Bank of England Governor warned investors to 'think before you lend'.Ben Bernanke announced he had left interest rates at 5.25pc A London-based hedge fund announced it is to close, after racking up crippling losses on the troubled US sub-prime mortgage market. It also coincided with news that at least eight companies have been forced to withdraw major bond sales.
Posted by chris @ 05:33 AM (22 views) Add Comment
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