The volatility in the equity markets persisted throughout August. After the shock of the financial crisis, most housing markets have at least stabilised. But there are now worries that the housing markets could follow economies into the dreaded “double dip”.

The European Central Bank is set to extend emergency support for eurozone banks until 2011 as it gauges how well the 16-country Eurozone might withstand a big US or global slowdown. During the first quarter of this year, the US  printed $1.5 trillion of paper money and bought back $1.5 trillion in mortgage bonds, government agency bonds, and Treasury bonds. Whether this will be enough to stop the US slipping into a "double dip" recession remains to be seen. The outcome will effect most equity markets. In the meantime we can only see the demand for gold as a safe haven continuing.

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