Big Mac at the Second Window?

In his October Investment Outlook, PIMCO's Bill Gross offers a helpful analogy to understand today's credit markets: 

"Credit markets are based on trust and when there is no trust, markets can freeze up.  My Co-CIO Mohamed El-Eiran has a great everyday example.  Imagine yourself at the drive-thru ordering a Big Mac.  At one window you order and pay, at the other -- 20 feet ahead -- you pick up your lunch.  What if you thought that after paying at the first window, your 1000 calorie sandwich might not be waiting for you a few seconds later.  You might not pay; business as usual might not take place.  That is what is happening in the credit markets.  They are frozen in 'McFear.'"

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