Market rollercoatser

Volatility in the markets remained high last week. It is becoming extremely difficult to escape the news about the deteriorating environment of mortgage and corporate lending sectors in America.

Here in New Zealand yet another Finance company collapses as we awoke to the news of Nathan Finance this morning.

Equities confidence has also been rattled by the dive of the New Zealand dollar, which has lost 15 US cents in three weeks and continued trading wide daily ranges.