I see shorting is allowed again in Wall Street and guess what? everyone has been doing it. Today's also the day when the Lehman Brothers swaps get called in. Could be interesting because that's another little time-bomb waiting to go off.
I'm now wondering about the speed of money. How long does it take for the impact of what is happening in the skyscrapers to really impact we folk on the street? For some, with housing debt, it has already happened, but for many, the shadow of the missing money is still to loom.
I looked back and it was December last year when I first mused about the missing money and its taken some nine months until September for it to accumulate into proper big debt lakes.
Now we see the dealers continuing the shorting that catalysed the recent problems whilst they consume the billions being supplied by governments before it has a chance to bolster anything.
Hold onto your pockets.
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