Government central bankers to the rescue! How pathetic our “capitalists” have become, pining for the helicopters to drop more liquidity their way and Now!. Of course this can only be bad. Recessions are the beginning of the road to recovery from market distortions or bubbles created by central bankers. Creating another bubble to escape that medicine only makes the ailments worse.
Yes, they are using band-aids to stall the economy from entering recession until after elections. It is allowing less fiscally minded people to restructure loans now, reduce debts and curb wasteful spending. It is allowing more fiscally minded people to start preserving cash for the bargain basement real estate deals we’ll see in 2009 and make other preparations in case the entire floor falls out and the economy temporarily collapses. I assume under that circumstance martial law will be declared and supplies of necessary commodities such as food, clean water and medicines disrupted. Obtaining sixty day supply of food and water (or necessary medicines such as insulin for Diabetics) along with home protection would be a wise idea. Better to have it and not need it then need it and not have it.
If the worse does unfold, it will be a progression and a ME conflict would quickly turn something bad into some awful and time would quickly evaporate to be prepared.