Fed cuts rates; crisis over?

[Carl Remick]

Re Doug's:  "a lot of rhetoric of recent months about the
system flying apart, including my own, is looking a bit overheated right
now."

It's hard to see how a quarter-point rate reduction and one 330-point
Dow orgasm can negate and reverse the impact of the unprecedented,
cascading global financial disasters of the past year.  I think the
cumulative psychological damage has been too great and the "will to
wariness" will continue to tighten its grip on business and consumer
thinking.  But we shall, of course, see ...

Carl Remick