While it is too early to know for certain, the question has to...

While it is too early to know for certain, the question has to be asked as to whether the Feds actions have in fact stopped a total meltdown in financial markets. I know many will say that Fed policy created the problem in the first place but this post is all about the reaction to the problem. It would seem at this early stage that there has been a turnaround. Certainly, if I was voting I would vote for the Feds actions in the past 12 months over most of the suggestions posted on this site involving switching to a gold standard or cutting expenditure while the economy was spiralling. So if things do actually improve, at some point in the future we might all be bowing down to statues of Big Ben. Who knows.