Apple at 60$

The Money Is Not Moving: Worst We've Seen?

"And it's clear that no one is trusting anyone on credit, and THAT is a very serious issue that is still mucking up the gears"
What leads to this financial crisis is the discontinuity of trust. What leads to this bubble is also the trust between creditors and borrowers who obviously spend more than they earn and borrow more than they can ever pay back. People are not going to hold on to their promises when they owe too much to a point that they know they can not be able to pay back.