US markets Meltdown!!!

 

The Commerce Department says housing starts fell more than 6 per cent to an annual rate of 817,000 units in September, below the 880,000 units forecast by Wall Street economists. 

The report is a reminder that the original source of much of the economy’s turmoil, the housing market, remains troubled. A growing belief that the nation is either in a recession or heading for one has set off selling in the stock market this week. 

    

 

The Dow Jones industrial average is down 215 at the 8,763 level. Stocks are falling in early trading after a government report that home construction fell more than expected last month to the lowest pa

since since early 1991. 

 

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