When good Globalization goes bad.

As more and more financial institutions write off losses in the billions I listen for culpability in the marketplace and I am still not sure how we got in the perceived mess we're in. It sounds as if the basic rule of Economics 101 was grossly violated: do not buy more than you can afford. But therein lies the engine of a free market: borrowing and lending.

But it is now much more complicated because the proverbial pebble in the water has now caused ripples to manifest themselves in nasty ways in China, the Euro's, and all other large investors (read owners) of the U.S.A. It now seems that some of our largest corporations can now be bought "on the cheap".

So now what happens on Wall Street not only affects Main Street but now the transatlantic waterway...