When bond traders, known to be creatures of habit, saw the Aug. 26 calendar entry for Ben Bernanke's opening remarks at the Kansas City Fed's annual Jackson Hole Conference, they figured QE3 was a done deal.
Head for Camp David. Convene meetings. Take advice from economists, your Cabinet, all the experts. Then put forward a giant new economic program, maybe including some dramatic form of shock therapy that will calm financial markets and create jobs.