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It is now abundantly clear that the global economy remains mired in a dismal slump. Consumer confidence is still hurting; the unemployment is still rising; home prices are still falling.
When I see news on MSM I check with trusted bloggers if the news is to be believed. Trusted bloggers? Takes time and work to find out who.
Science is nothing without trust.
We trust each other to perform experiments exactly how we say we did.
We trust each other to report our findings exactly how they turned out.
A fundamental problem in the financial markets right now - a problem that's often traced to the failure of Lehman Brothers last month - is the breakdown of trust. Because financial institutions don't "trust" the solvency of other institutions and corporations, they aren't willing to lend money.