Cramer tells the truth

[Do_Not_Divide_The_Land!!]

Cramer (from mad money on cnbc) breaks down friday and tells what he really thinks. Economy is on the verge of collapse.



http://youtube.com/watch?v=GY5nfytTQT8

[robinhoooood]

Wow, nice to see someone telling the truth for once. Too bad when the Fed does finally cut rates... after the market falls a bit further, we will sacrifice the dollar just to make the markets look good... its a losing game either way and you can tell Kramer knows it.

[HeXp£Øi±]

Welllll yeaaaaah......Cramer speaks the truth from a certain perspective.
Remember though he is a hedge fund guy. I wouldn't take everything he says as gospel. What might be good for the trader is not necessarily good for the people.

[Do_Not_Divide_The_Land!!]

Wow, nice to see someone telling the truth for once. Too bad when the Fed does finally cut rates... after the market falls a bit further, we will sacrifice the dollar just to make the markets look good... its a losing game either way and you can tell Kramer knows it.


Right on... cut rates and the dollar collapses... leave or raise rates and the banks and builders go under.... either way, the economy is in big trouble...Only solution and The Solution is for America to return to The God of Abraham, Isaac, and Jacob, and stand by the nation of Israel.

[BondServant]

Wow he got pretty heated.......or maybe that's typical of money television.

[StronginTheLord]

Just thinking, but if Greenspan raised the rates for the money men to profit from loans and easy credit and high risk mortgages, now Bernanke could make it so that the same money men can buy default loans and foreclosures at deep discounts and turn a profit when the market goes up (remember this is coming after it's been made extremely difficult to file bankruptcy), am I the only one who has a problem with this?

I'm asking because just from the clip and piecing together the money trail, this is what it sounds like. Could one of you financial gurus correct me if I'm wrong?

[StronginTheLord]

Wow he got pretty heated.......or maybe that's typical of money television.


Yeah, he gets pretty excited on his show sometimes, but this was something different.

[ddg1263]

originally posted by StronginTheLordJust thinking, but if Greenspan raised the rates for the money men to profit from loans and easy credit and high risk mortgages, now Bernanke could make it so that the same money men can buy default loans and foreclosures at deep discounts and turn a profit when the market goes up (remember this is coming after it's been made extremely difficult to file bankruptcy), am I the only one who has a problem with this?

I'm asking because just from the clip and piecing together the money trail, this is what it sounds like. Could one of you financial gurus correct me if I'm wrong?


You are exactly right about those issues following the money trail, but the real problem is that the Fed needs to prop up the dollar so we can keep in foreign investment in our Treasuries, but if they keep the rates up on our own citizens, we will fold under the pressure caused by lack of economic expansion or even a recession of our own economy. And ABOVE all this, the basic back bone of America which has ALWAYS been manufacturing is gone to china for cheap labor. As you guys know 1 manufacturing job equals 7 other jobs down the line. Well we are a service sector now so we will get hit harder now when recessions occur. It is going to get really interesting this fall in the bond and stock markets. Hang on to your seat it is going to be a wild ride!!!:popcornbag

[StronginTheLord]

You are exactly right about those issues following the money trail, but the real problem is that the Fed needs to prop up the dollar so we can keep in foreign investment in our Treasuries, but if they keep the rates up on our own citizens, we will fold under the pressure caused by lack of economic expansion or even a recession of our own economy. And ABOVE all this, the basic back bone of America which has ALWAYS been manufacturing is gone to china for cheap labor. As you guys know 1 manufacturing job equals 7 other jobs down the line. Well we are a service sector now so we will get hit harder now when recessions occur. It is going to get really interesting this fall in the bond and stock markets. Hang on to your seat it is going to be a wild ride!!!:popcornbag

Thank you. I work in a service sector, repairing and servicing equipment (HVAC), as well as new installs of appliances. I have tossed around the idea of going out on my own, but I may have to put it off until things stabilize. Either way I may get laid off anyway and have a difficult time pinning down a new job if things get rough(er). Time will tell I guess. Thanks for posting.

[HeXp£Øi±]

Wow he got pretty heated.......or maybe that's typical of money television.

Well his show is called Mad Money...