Yes, There's a Credit Crisis

Here is a headline that makes you think:

Cash-Strapped Technology Small-Caps Hold Patent Sales

Large companies are not going to be hiring any time soon. In my opinion, the lynch pin of when the economy improves is no longer house prices, but rather jobs. Since the unemployment rate is a lagging indicator, we are bound to have more job losses for the next 6 - 12 months. The only way to stem the unemployment rate therefore is to crate new jobs. Firms most likely to need new bodies are startups, or small and growing businesses. If they can't get credit, they cant grow. Payrolls, revenues or anything else.