Network Metals LLC

As we approach the end of a historic week with regard to the US industrial base with the GM news, perhaps we can conclude that the worst may be over and now that suppliers can be guaranteed payment under GM's DIP financing metal will start to flow. Who knows?

But perhaps on a more reflective basis, there was one development this week in the equity markets that is the most telling of all: the Dow replaced GM from its line up and inserted Cisco in its place. We may look back on this as confirmation of the end of the US manufacturing base, and the beginning of the era of the US information and service age. Just a thought!