WHAT DOES THE FEDERAL RESERVE HAVE IN COMMON WITH A 3 YEAR OLD

One day in the August of 1980, I was a 3 year old sitting on the school bus returning home from school. It was the last day school. Rita an 8 or 9 year old was sitting next to me. She asked to see my report card and as I proceeded to show it to her, she started taunting me, she said I did badly. I panicked. I then threw the report card out of the window of the moving bus. That solved my problem. For one night.

As I sit here typing this post, the Chairman of the Federal Reserve is about to announce another huge rate cut. The stock market seem to be rallying one more time. Interest rates dropped quite steeply, and as a matter of fact I am sitting here at my table waiting for the announcement before I pull the trigger on some "stuff" I have queued up. Deals are ready to fly once again, and there is this air of mooted optimism. This is quite a contrast to the last post I made. This is even more pronounced considering that the post was made less than two hours ago.
The FEDS seem to be throwing all they have at this credit crisis (I wonder why it is called credit crisis, can someone come up with a more technical sounding term). The solutions work for two weeks and then we end up worse off than when we started out. In a very weird kind of way the Chairman reminds me of myself 27 years ago. I threw out the report card because I did not like what was on it, as if that would solve all of my life's problems. It did solve the problem, but just for one night. The morning after my able mother drove me to school in that shiny green ole school VW Passat and proceeded to demand my report card from the head mistress. That was when I realized that the head teacher does not go on 'long vacation' dang! I had to face the consequence of my sloppy performance in front of strangers.
What would Bernie do when the real report card of the economy is made public? The most damagin thing about this crisis is the misleading reports coming from the financial institutions. They are often so off the mark that only a fool will beleive the next release. There are tough times ahead, sit back and buckle up my friends. It will get even bumpier(?)