Good question

From Interest Rate Roundup Blog by Mike Larson, yesterday, as Fed Chairman Bernanke spoke:

"If loaning Treasuries and cash against hundreds of billions of dollars in lousy commercial and residential mortgage securities and other paper hasn't worked ... if agreeing to buy an unlimited amount of commercial paper hasn't done much ... if lending tens of billion of dollars to AIG hasn't stopped the market from worrying about the health of other insurers ... and if cutting the funds rate ALREADY -- from 5.25% to 2% -- hasn't worked, you have to wonder what cutting the funds rate even further toward zero would accomplish."

Read the full entry here:

http://interestrateroundup.blogspot.com/2008/10/bernanke-speech-focuses-on-economic.html

What, exactly, is going to turn things around, if anything? What will calm the world's markets?

Who knows? All we can do is stay tuned--and hope.
___________________________________________________
To end today, a riddle:

What do the international economies and Senator John McCain have in common?

Answer:

They're both tanking. (One's bad.)