You Can Think, But Maybe You Can't Live, Outside The Box

I Guess We Picked A Bad Time To Quit Crack: "Among economists who saw hypocrisy in wealthy investors and Wall Street traders urging speedy Fed intervention -- a turnabout from their usual stance -- was Richard Yamarone, chief economist for Argus Research in New York.

'My mother always told me those who play with fire get burned. Here, that apparently doesn't hold true. Someone is making my mother out to be a liar, and that's not a good thing.'"

Barton Biggs, a former Morgan Stanley strategist who runs the $1.5 billion hedge fund Traxis Partners LLC in New York says, "'People are losing faith in credit, so the economy is seizing up,' he said. 'That's why it's important that the Fed cut rates and get confidence back in the system.'

What a calamitous fall can be imagined from living on the thinnest shell at the highest apogee ever imagined.