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There is alot of volatility in the markets at the moment. Shares affected alot are banks and housebuilders. This is obviously a reflection on the credit crunch and the housing market. America’s spending has hit a 15 year low. The Dollar has also seen it’s biggest weekly drop in a month against the Euro. The British Pound has also reached a record low against the Euro. House prices in America keep falling with another 10% drop last month. The UK house prices have fallen again for the sixth month in a row. Sales in America and Europe are falling. Consumer confidence around the world is very low. With the true level of inflation much higher than official figures, unemployment figures increasing many people in the UK are now saying it’s not a case of if but when the recession hits.