Forecast Rough Economics Ahead

Despite the massive treasury Moves to fend off a major crisis in the World Economy much is looking certainly uncertain. While The Fed and Treasury Secretaries of Both Bush and Obama took swift steps to fend off disaster the question looms large-what of the toxic assets many big banks are hiding in their ledger sheets. Certainly there have been promising signs that the United States economy is "lurching" (a quote in today's New York Times Financial Section) towards economic stability but such stability may be built upon an earthquake fault. And that major fault line is the American Consumer who has been cut off from consuming by stringent loan standards now being applied by most Big Banks, The very Banks holding the toxic Securities not many wish to see on their year end accounting Manifesto. Until these Banks are forced to divulge the extent of their problem loans-to that extent the economic recovery will stumble. Which brings me to summarize-The brightest spot for Consumers today is to shred their credit  cards and go it alone paying for only what they can afford to buy with what cash they have. As fars as The Banks are concerned. I believe a few more Big Ones are about to topple.