This just looks like a way to create the next asset bubble out of nowhere, something the financial markets are desperate for.

Small events can change the market's psychology, and asset bubbles sometimes just cave in on themselves.

There was far more to the excesses of the 1990's, however, than an asset bubble.

In fact, what you are doing is setting up a whole lot of other asset bubbles at this point.

When in reality it was due to an asset bubble that sensible policy management would have dealt with at the time.

This pattern could impede the ability of the market to prevent asset bubbles.

This simple rule would prevent asset bubbles and banking crises.

What's our solution to the problem, well we can't lower rates much more, so flood the system with money to keep asset bubbles pumped up.

The asset bubble of the late 1990's peaked a year and a half before the terrorists struck.

It is simply emergency interest rates keeping an asset bubble artificially high.