Understanding the Post-Lehman World By Jim Cramer About this article: Hardly a day goes by where I don't struggle with being defensive about the action in this market. On the eve of the anniversary of Lehman Brothers' demise, however, perhaps it is worth discussing whether we have returned to a world of normalcy, without inflation, where people either can't spend or don't want to spend beyond their means and the government is stymied to where it might not be able to spend further beyond its means. Of course, each cohort has already spent too much. Consumers bought homes, retail and autos they couldn't afford, and government at all levels -- federal, state and local -- spent too much, too, as Doug Kass has so eloquently pointed out. But the truth here is that the shadow lending system that was willing to securitize anything, even the worst of loans, and was willing to bundle anything in the hopes of... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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