Creating another bubble

The stock market was up more than 10% today, anticipating another rate cut. Ben will not disappoint. The problem is, what bubble will be created next? History has taught us that low interest rates spawns bubbles.
At the same time Iceland raised its rates to 18%.
Rates need to be higher, not lower. Borrowing should be made more responsible, both for borrowers and for lenders. That is the path to disciplined growth.