What can the Fed do when markets and the media expect Armageddon -- but there's no evidence for it?

Daily rescue investments in the financial sector signal that the crisis is near an end, and that the Fed has done enough.

The Fed is trying to help, but its clumsiness is undermining confidence rather than enhancing it.

A GOP victory on taxes and spending, and the emergence of Ron Paul, lowers the chances of a growth catastrophe in the 2008 election.

Not until the Fed takes inflation more seriously than it does the turmoil in credit markets.

Beyond the housing collapse and the credit implosion, things look remarkably good at year-end.

The Fed is worried -- but only about credit markets, not inflation.

Another market "tantrum" tests the August/November lows for stocks.

The more Bernanke gives, the more the markets want -- and the more money gets dropped.

Even great news is taken as proof that we're heading into recession, or already there.