LOCK DOWN

Lock down is the term you see in the letter from your friendly neighborhood hedge fund manager when he informs you your money at the fund is now locked down. In other words you can't retrieve any of your money now because the fund manager can' find a market for any of the leveraged investments they have made on your behalf over the years. So then you panic and call your other fund managers and they are saying the same thing to you....now everyone has a problem and they start to sell what they can verses what they can't. The endowments, retirement funds, fund of funds, commercial banks and broker dealers now choosing to bridge the current damage are in deep doo doo. The next call is to their personal lawyer to try to sort this out....it will take years and billions of dollars. "Management" committees are now meeting all over the country to have their advisers and consultants try to explain what is happening and they will not get the right answers. They type up the letter requesting a withdrawal of funds and they get Lock Down back.

We go from a sub prime mess to a much bigger one now with all the leveraged private equity and hedge fund managers.....many will lose their jobs and seek new careers.

This is month end and as August approaches everyone will be scratching their heads trying to figure out what is next........Peak Oil.....

Bush ok's $20b in arms to the middle east, Putin and China can do nothing now as the USA starts/ prepares to defend herself in a hydro carbon scarcity world quickly approaching the global economies.

Danny Boy seen here is looking out over Lake Muskoka wondering why people can be so careless.