Business news for Sat, 29 Dec 2007 & with words inflation+recession+virtually. 2 news.

Virtually any investor looking for an excuse to turn negative on the markets would have found it during this intraholiday week: Geopolitical instability? Check. Rocketing fuel costs? Check. Bad news on the housing market? Check. All that, of course, was piled atop a mound of worries about inflation, recession, stagflation, consumers' mood, corporate earnings, banking write-downs and (distressingly) more.

Virtually any investor looking for an excuse to turn negative on the markets would have found it during this intraholiday week: Geopolitical instability? Check. Rocketing fuel costs? Check. Bad news on the housing market? Check. All that, of course, was piled atop a mound of worries about inflation, recession, stagflation, consumers' mood, corporate earnings, banking write-downs and (distressingly) more.