It seems that the global effects of the sub-prime lending market woes in the US have no signs of stopping problems across the world. In Australia, mortgage rates are again on the rise and are expected to do so for some time. This is a direct result of the US financial market’s woes which has investors globally thus affecting the global market. Many small time insurance firms have been forced to re-think their strategies and business packages with big firms also following suit. Though Asia buffered the effects of the US financial crisis, the effects are expected to take years for full recovery and the business to reboundaussie.jpg.