Obama and Bernanke try to talk it up . . .

Unfortunately they are not directing a movie, where they can set the scene and the tone. I would suggest that they are truly worried by what they see to come up with such tripe. See this article for a taste. The American Tragedy continues with a combination of head-in-the sand, soothing words and fighting the symptoms (rigging markets, sometimes known as "interventions"). I'm as worried as ever.