Welp, Bernanke and his crew at the Federal Reserve reduced the fed funds rate to 3.50%, from 4.25%.  If they’re trying to make me feel better, it’s not working.  Between yesterday and today, all I’m getting is bad financial news.  Asian stocks are tanking (so are ours), houses are devaluing by 10-20% (yikes), foreclosures increasing, unemployment is hitting the middle class.  All around suckiness!  So what is the Fed trying to accomplish?  Are they trying to stir the economy up?  Tell us that inflation is a ways away?  Screw all the countries holding the almighty dollar?

In a way, I feel fortunate that time is on my side.  This is a down swing and things will be better in time.  But some folks don’t have a lot more business cycles to go through before they want to dip out of work and into their retirement savings.  I was chatting with a guy at work about this and trying to keep things in perspective about the stocks.  The economy will always get better.  He agreed, but added that he just doesn’t have that much time to wait this out. 

So the Fed’s probably going to keep lowering rates.  And I’m just going to keep feeling uncertain and unsteady because when are they going to bottom out?  At 1%?  In Ben we trust?