I've seen this movie before, and it doesn't end pretty. That's what I thought on Sept. 18 when Federal Reserve Chairman Ben Bernanke took the road so often traveled by his predecessor, Alan Greenspan, and threw the financial markets a sop in the form of a big cut in interest rates. It was clearly what the markets wanted, as the immediate 336-point jump in the stock marketrnconfirmed. But popular decisions are not always the right decisions. (Just consider Greenspan's popular 2001 interest rate cuts, which actually caused the current housing bubble.
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