The Herald Sun heralds much sunniness:
Investors in Australia and across the globe will scour the Fed's official statement following the policy meeting in Washington, to be released Thursday morning local time, for further evidence the worst of the crisis has passed.
The market is desperately trying to gauge whether the global economy will stage the much-hoped-for V-shaped recovery or a more protracted W-shaped one.
Although most economists expect Fed chairman Ben Bernanke to keep interest rates on hold, they are also tipping that the central bank will pull back on some of its stimulus measures in a sign that the US recession is finally ending.
I'm no economist, stuck as I am with a simplistic gazinta==gazoutta analysis of these matters. It strikes me that if the fundamentals of debt and deficit spending remain essentially unaddressed, then these Aussies are simply firing for effect.