Although crude prices fall, it does not necessarily mean similar drop in gasoline prices. They will fall, but demand and refinery constraints affect gasoline prices significantly. And the impact on market indices is negative as many of them have either oil produce or related stocks in them.
Also, all those excotic mortgages will really hit some people. This is an interesting article about increasing number of subprime mortgage holders having problems. How reckless some people are: 3.5 in 10 000 subprime mortgage holders miss their first payment!
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