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People talk about "the market" Like I've said before. 1/1000 of "the market" is that number you hear about: the Dow Jones Industrial Average, which supposedly reflects the U.S. Economy.

What is going on is this....

the stock market is the stock market, and well, it's just crazy, It tends to be the worlds largest gambling Parlor.

But
The Credit markets right now..... Well the only way a loan is being made, is that people are buying government bonds, then the Federal reserve is then Loaning that money back to the financial institutions... Which Make your Credit cards work, The ATM's, Umn..... Allow Money to flow from One bank to another.

But, the nasty thing that is going on is that, companies that need to borrow money short term are paying between 7-30% for it. You think your credit card rates are expensive, those are the rates Legitimate companies are getting, Like GE, John Deer.

Long term rates are 5-8%, Boeing is paying 6.25% for a 6 month bond.

Imagine the rate you would pay if you were a 15 person business in salt Lake, It would be such a high rate that if you just needed to borrow money for 30 days until you get some invoices payed, If you could get credit, you would pay big for it, and you arn't a "Wall Street" guy being bailed out.

Lehman brothers just failed, the guys who worked to build these nightmair MBS' Those guys have jobs, they always will. The traders got jobs from Barklayes, The people who suffer are the Tellers at Washington Mutual, who's branch just went under. Or the Small business' who can't get Credit.

I can buy into the Machiavellian arguments, I'm a huge fan of Darwin. but this is neither, We all pay in this downturn, and it's not those who Messed up, who pay.... it's the people who "the shit runs Downhill to". The people smart enough to create these problems, are smart enough to get out of the way.

But... We are all in this boat together... Never forget that...