Sadly, it looks like the Chairman of the Federal Reserve ignored my open letter last week and decided to cut the federal funds rate by three quarters of a point to 2.25%. Of course, if you’re watching the news right now, everyone is saying that this dramatic cut is a good thing. After all, the Dow is surging on this supposedly great news.

http://www.pinchingcopper.com/saving/what-the-feds-interest-rate-cut-really...