Many believe the Fed will announce it will continue to purchase longer-term U.S. Treasuries, while stopping its sales of shorter-term government debt, as was the case in the Twist operations.

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Many believe the Fed will announce Wednesday it will continue to purchase longer-term U.S. Treasuries, while stopping its sales of shorter-term government debt, as was the case in the Twist operations.

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That means finding ways to persuade banks to roll over loans (stopping, in particular, the sudden withdrawal of trade and short-term interbank credit lines).

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To simply react to a volatile market by stopping contributions or rashly moving funds to cash may actually hurt more in the long term.

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As this New York Times story from September notes, the city has been only moderately proactive in prepping itself for the long-term risk posed by ocean floods, stressing how to respond when water breaches existing barriers rather than stopping floods altogether.

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