Maybe I have this all wrong........

[oldboldpilot]

and I suffer from a lack of understanding or maybe basic economic education but it has always been my thought that the markets were the engine that drove the economy.
The Fed, on the otherhand has said time and time again that they give no thought or consideration to the marketplace which flies in the face of Greenspan's stupid remark about irrational exhuberance.
Bernanke repeated the remark that they (the Feds) give no consideration to the market which is readily apparent. He denied that the Fed's actions were responsible for the market's plunge. Is this totally disengenuous or what ?
I get so damned tired of the government's attempts to micro manage each facet of our lives and the economy. If I could sell my house, I would be long gone.
Anyone want to live in beautiful, overcrowded California where mortgage defaults are on the rise ??

bread $3.50
catfish 6.99 lb.
gas 3.29 gal.

Price of pre owned homes....plummeting

Sure glad they have a handle of inflation and are managing this economy so well !