The Total Disconnect Between Wall Street and Main Street.

You may be wondering the same thing as we do. How is it that in the Greater Detroit area where unemployment rate is high, foreclosure rate is high, bankruptcy rate is high, as well as rising gas prices, rising food prices and rising costs of living overall - yet Best Buy, Target and many retail stores and restaurants continue to be busy?

Doesn't it make more sense to hear crickets and a falling pin drop at this places if times are so bad? On top of the above observations, it is also rather strange to notice that the Dow Jones and NASDAQ stock indexes are up despite the looming cloud of recession and inflation worries. This point clearly indicates the total disconnect between Wall Street and Main Street America. Why do we say that? Because folks are still tapping their credit unnecessarily. As mentioned earlier, the average American still shops and eats out often. With that in mind, let's follow the money trail - and we will quickly realize that most of these people who actively shop and eat out are doing so through widespread use of credit cards. The sad reality is the fact that most average Americans are not financially savvy and do not understand micro-economics nor macro-economics. We have definitely not seen the end of the credit crunch just yet, because as long as the Federal Reserve continues to bail-out poor decisions and poor management, as seen with Bear Stearns, we will stay in this perpetual cycle of irresponsible fiscal and financial behavior.