A generalised but differentiated slowdown
Share prices of financial institutions have fallen sharply
Banks are tightening lending standards
Risk premia have risen sharply
US financial conditions have tightened despite depreciation and monetary easing
Previous housing investment cycles in OECD countries
Real housing investment is decelerating in most countries
Residential permits are falling sharply
Delinquency and foreclosure rates are rising in the United States
Commodity prices hover at new heights