Debt Rattle, June 7 2008: Waking up to a new reality

Dorothea Lange, late 1930s. Edison, Kern County, California. Children of young migratory parents, originally from Texas. The Complacency that the Worst Was Behind Us in Financial Markets is Rapidly Fading Away The complacency that took hold of financial markets (equity and partly credit) - after the bailout of the Bear Stearns� creditor and the extension of the lender of last resort support of