Mad Money host Jim Cramer makes a passionate plea to Federal Reserve Chairman Ben Bernanke to consider cutting interest rates and, in turn, help the market and the people who are losing their jobs on Wall Street.
bwahahaha, what, is he just now discovering that the market is nothing but a con, a fixed racket? He's probably afraid he'll have to actually get a job and work for a living if the market crashes.
This is not a publicity stunt. It's the first moments in a new depression(caused by a housing bubble collapse.) That's why Cramer is going nuts talking about the FED and how bad the market is.
Ok Adam Smith, would you care to outline the sequence of events that will precipitate this depression?
Incidentally, I'll never discount the possibility of a depression. I think the definition of a depression should be: The contrived transfer of wealth from the masses to elite. The question is whether the "teaser rate" loans were available to allow subsequent rate hikes to have the same effect as the margin calls in the 1920s, where the elite let the masses buy stocks on margin in order to create debts that they could not cover, resulting in wealth transfer and the last depression.
Tags for this video have been changed from 'jim cramer, mad money, interest rates' to 'jim cramer, mad money, interest rates, cnbc, loses, it, meltdown' - edited by Zonbie
]]>http://www.neatorama.com/2009/11/24/make-terrariums-planters-from-light-bulbs/feed/3http://www.neatorama.com/2009/11/24/make-terrariums-planters-from-light-bulbs/The World’s Most Luxurious Airlines
]]>http://www.neatorama.com/2009/11/24/make-terrariums-planters-from-light-bulbs/feed/3http://www.neatorama.com/2009/11/24/make-terrariums-planters-from-light-bulbs/The World’s Most Luxurious Airlines
Incidentally, I'll never discount the possibility of a depression. I think the definition of a depression should be: The contrived transfer of wealth from the masses to elite. The question is whether the "teaser rate" loans were available to allow subsequent rate hikes to have the same effect as the margin calls in the 1920s, where the elite let the masses buy stocks on margin in order to create debts that they could not cover, resulting in wealth transfer and the last depression.