It seems everyone has their eye on the stock market and the ups and downs of major companies all around the world, but actually there focus is in the wrong place as the bigger concern is with the credit market and not the stock market. Stocks rise and fall and companies come and go, but without a healthy credit market every business is at risk of coming to a screeching halt since unsecured and secured loans make the economy thrive.
Without cash flowing through the economy businesses do not expand and thrive, this affects the jobs available to the workforce, and without enough jobs these workers will not be buying products and services from the businesses that are operating. If everyone goes into a hunker down mode and does not spend the money they have available businesses will suffer and this will get passed down to employees. Of course running out and just spending money randomly will not stimulate the lenders into giving out more loans so buyers need to be wise with their money as nobody is predicting the current economy to immediately recover.