Week-in-Review Linkfest

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Contained? Contain this!

Mr. Market had a good laugh at everyone's expense this week, chuckling at all that chatter about the "containment" of the subprime meltdown. A certain contingent of mindless pundits who have been clothing the emperor had been steadily chanting that the fall in housing would have no impact on either the economy or the markets.

Of course, it's becoming crystal clear that this was the mind-boggling nonsense that it seemed to be. Whether it's in retail numbers -- think Best Buy, Starbucks and FedEx(FDX Quote) -- or in the frenzied $3.2 billion dollar machinations by Bear Stearns to rescue two hedge funds, we now know beyond any shadow of a doubt that the rise and fall of the housing sector has had major repercussions on the markets and the economy. ...