Thanks to my talented and dedicated webmistress, comments have now been enabled. So my dedicated readers can now leave a comment by clicking below. I've liked this feature on other blogs and haven't seen it too much abused, so talk back if you wish.

And now off to the job which pays my salary, where I hear phrases tossed around such as "collapse of the credit market" and "the freeze-up of commercial paper." Or, as the famous curse would have it, "May you live in interesting times."

Christiane Amanpour mentioned recently on Bill Maher's show that "credit" shares the same root as "credible," from the Latin credibilis -- worthy of confidence, reliable.

It is one thing to suffer famine based on the failure of crops, due to a drought. It is another to suffer from a famine of trust, based on a drought of good sense. In the first instance, we reap a dessicated acre of soil; in the second, we cope with the crumbled harvest of our bad behavior. That is a much harsher marketplace.

Labels: comment, credit, credit markets

posted by Elizabeth at 8:06 AM