The Fed is doing what???

From the front page of Reuter's online. On the 1/2% rate cut a while back, ALAN SKRAINKA, CHIEF MARKET STRATEGIST, EDWARD JONES, ST. LOUIS sez:

"This is very good news. The Fed is taking out a little insurance policy. Maybe they were a bit behind but now they're catching up. They're on the ball, they're mining the store, and will take aggressive action to prevent the economy from slipping into recession."

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Wow. Any way you define "mining" it appears we have honesty in Economics at last.