Economics is always a subject that interests me but one I have never studied it. So here is a quick thought on something I know not alot about. Which might annoy John Walters but I never read him and I guess he never reads me. Anyway. Consumer confidence seems to be one of the main concerns surrounding the current downturn in the world economy. So it was quiet amazing to hear the Fed in America making a giant cut in interest rates. This is usually done to put more money into an economy (easier to get car loans etc) which will fuel inflation. And thus cause consumer confidence to fall even more. But considering that the crisis has its roots in the Sub-Prime lending market in the US maybe the cut will be helpful to bolster that. One thing that is not going away is high fuel prices what can be done about that is of paramount importance.

Michael Taft has an interesting piece on the boom here which I should look into sometime if I have more time. .