I am not afraid as it relates to my portfolio. I am concerned with what ultimately comes of it socially and politically. The instinct to act on a crisis is overwhelming, but read Thomas Sowell's "Intellectuals and Society" and you can read a solid case against what over- intervention does to economies.
"over-intervention" is an understatement on what the Fed and Govt has ALREADY done. they have no bullets left. Solving a debt crises by borrowing was obviously seriously flawed, and everybody knows it.
The theory that an economy only needs "Confidence" has now been blown to bits. Debt is what really matters, not "confidence".