Business news with words credit+recession. 60 or more news.

C onfused? So are the best and brightest on Wall Street as they try to make sense of a housing recession and credit crunch that many experts failed to anticipate.

The global credit crunch, and a supposedly impending UK house price crash, have kept economics on the nation's front pages this year. That will continue during 2008, as the world economy undergoes seismic change.

The year ended teetering on recession, if not fully immersed in one, depending on which economist you believe. The Southeast Valley wasn't any exception, feeling the heat of the housing market meltdown and the credit crunch.

SALES of new homes in the US fell in November, signaling no end to the housing recession that threatens to stall economic growth, economists said before a report this week. Purchases fell to an annual pace of 718,000 from 728,000 in October, according to the median forecast of economists surveyed by Bloomberg News. The 716,000 pace reached in September was the lowest since 1996, according to Bloomberg News. The real estate slump, already the deepest in 16 years, shows no sign of abating as discounts fail to lure buyers and inventories swell. The risk that the slowdown will spread through the entire economy is prompting business to rein in orders for new equipment, a separate report may also show. "We're not in line for any good news on housing for a long period of time," said Mike Schenk, chief economist at the Credit Union National Association, in Madison, Wisconsin. "It's a sector that will take a long time to turn around." The home sale figures are due

The Golden State is losing some of its luster.

By Nadeem Walayat. "The UK economy is being hit hard by the ongoing credit crunch with its sizable financial sector under strain and the UK housing market finally showing signs of the long anticipated downturn after one of the biggest bull runs in history."

WASHINGTON - The housing market is tanking, the credit markets are in crisis and economists fear a recession could be on the way - but in November at least, that wasn't enough to slow down the American consumer.

The housing market is tanking, the credit markets are in crisis, and economists fear a recession could be on the way - but in November at least, that wasn't enough to slow down the American consumer. Personal spending rose 1.1 percent last month, the biggest...

The housing market is tanking, the credit markets are in crisis, and economists fear a recession could be on the way -- but in November at least, that wasn't enough to slow down the American consumer.

The housing market is tanking, the credit markets are in crisis, and economists fear that a recession could be on the way -- but in November at least, that wasn't enough to slow down the American consumer.

The subprime crisis, the dollar crisis, the credit crisis, the energy crisis -- and a few crises to be named later -- may all add up to an economic growth crisis, aka A RECESSION. Since many of the buyers and sellers in today's advertising market have never endured such times, a few thoughts from this wizened sage may be in order.

By Anthony Cherniawski. "The U.S. housing recession has worsened since the credit collapse in August. Because of it, economic growth will slow to an approximate 1% annualized rate in the fourth quarter, according to estimates given by economists to Bloomberg News."

The housing market is tanking, the credit markets are in crisis, and economists fear a recession could be on the way ? but in November, at least, that wasn't enough to slow down the American consumer.

NEW YORK -- Wall Street ended a volatile session mixed on Wednesday as investors wrestled with a troubling outlook for bond insurers, a $9.4 billion writedown at Morgan Stanley and concerns that the economy is headed for recession.

WALL Street ended a volatile session mixed yesterday as investors wrestled with a troubling outlook for bond insurers, a US$9.4 billion writedown at Morgan Stanley and a weakening economy that many believe is headed for recession. Not all of Wednesday's news was bad. Morgan Stanley managed to get a US$5 billion investment from a Chinese sovereign wealth fund, and the Federal Reserve said its Monday auction of US$20 billion in 28-day credit was met with solid demand, signs that there is cash out there to help the struggling banking industry recover. But with only seven trading days left in 2007 and little data to convince Wall Street that the economy is on the upswing, investors hesitated to make any big bets on stocks. "The sign that the selling is over is when bad news doesn't make stocks go down anymore," said Matt Kelmon, portfolio manager of the Kelmoore Strategy Funds. He said there's particular pressure on stocks right now because of options expirations at the

Given the credit crisis and recession worries, it's no surprise investors are wary of stocks. But not Brian Rogers, chief investment officer...

President Bush and the Federal Reserve aren't taking aggressive enough action to prevent a recession, former Treasury secretary Lawrence H. Summers said yesterday, as Democrats ramped up their attacks on the administration's handling of the housing downturn and credit crises.

The stock market swings wildly. Inflation is heating up, credit is tight and the economy may fall into recession. It's enough to make Americans want to hide their money under the mattress.

NEW YORK -- The stock market goes up 200 points one day, and down 200 the next. Inflation is heating up, credit is tight and there's talk that the economy may fall into recession.

By Chris Ciovacco. "With more bad news surfacing almost daily on the topics of housing, structured investment vehicles (SIVS), and the general credit markets, the odds of a recession and continued difficulty for stocks have increased in recent weeks. Whether or not we meet the standards of a formal recession in 2008, we know at a minimum we’ll have tepid economic growth and continued problems in housing, SIVs, and the credit markets."