A Summary of the Markets

Good summary of our close economic melt down and we aren't through it yet.
The Corner on National Review Online

It’s helpful to think of how to address the current financial crisis (and I don’t use that word casually) in terms of the end-state we want to achieve, and the transition plan to get there.

The problem we face is often described as mind-bendingly complex, but in its essentials, it is simple.