Firstrung: Impossible to assess the damage of sub prime mortgage market

"There has been a role reversal between the world's financial markets and the economy. Before this summer's credit crisis, it seemed to be the economy that was driving markets forward, and now it is the markets, and how well they can weather this crisis, that appear to hold the key to the future direction of the economy. We have uncovered a lot of astonishing facts and figures in our research into the causes of the credit crisis, but what is most surprising is how little we can unravel about where these enormous liabilities have ended up.