LMAO.

Yeah, good thing Bernake pushed Obama to enact the stimulus plan, or we would have had a bunch of unproductive resources just laying around.

Cramer seems to be catching on that the best way to avert the depression and the recurrent boom-bust cycle is to put the government in charge of the allocation of scarce resources and make the individual a slave to the omnipotent state; if you don’t do that, then the market will make a fuss when the benevolent rulers abridge universal legal principles.

Boo-yah!! Crazy Cramer

This century’s Britain? I think a more accurate comparison from where I sit is with the Soviet Union.

WWBBD?

Monetary insanity is awarded handsomely. That man has no credibility.

Stranger-

Cramer thinks that the purpose of the Fed is to prop up the stock market. Hence, he bashes the Fed when the market is down and praises the Fed when the market is up, as it is now. He is childishly transparent.

Cramer is an unstable liar and charlatan. I think Cramer, as a personality, is indicative of the past two decades of questionable hedge fund antics.

I think he only has a job because he is entertaining in that same way that some people find someone like Danny Bonaduce entertaining. Meaning, he can mentally meltdown on live TV like a schizophrenic, as he has done on several occassions, my latest favorite being when he was reduced to near tears during his March interview with Jon Stewart.

In regards to the status of past and future Fed chairs, I rank them up there with Blackbeard, John Law, John Dillinger, Ken Lay and Bernie Madoff.

Don’t worry, he was probably paid off to say that in Federal Reserve Notes. When he turns out to be wrong, he’ll know it in more ways than one.

Funny how he’s so confident, so soon. Apparently he can’t read history books, either.

Let’s hope he goes down as the last Federal Reserve chairman instead.

Check out Jim Cramer complaining about the Fed & Bernanke with Ron Paul as one of his guests.

http://www.youtube.com/watch?v=8teEHdCrFqE&feature=related

I think I’m gonna be sick…

Oh, well in Cramer code, that means that the Federal Reserve has ruined the financial system beyond repair. Thanks, I already knew that.

Cramer’s delusional fact-free zone has really gotten out of control–maybe he thinks Wm McChesney Martin was the 2d greatest Fed Chairman?

A new book has come out, which I think people here will enjoy. It is called “A Brief History Of The Future”, by Jacques Attali. He looks at longterm trends, and the book is fascinating for that reason, but his basic idea, derived from studying history, is “from century to century, humankind has asserted the primacy of individual freedom over all other values.”
Who could disagree with that?
In the book, he points out that the Roman God of markets was called Quirinus. Perhaps we should call ourselves Quirinalists, since markets mean money and individual freedom.

Bernanke saves, Congress spends.
” The U.S. House approved legislation that would give consumers as much as $4,500 to buy new, fuel- efficient vehicles under a “cash-for-clunkers” proposal aimed at boosting auto sales.

The program, passed 298-119, would replace 1 million older vehicles with newer cars and trucks to reduce gasoline use and air pollution, according to the measure’s sponsors. Car owners would get a $3,500 government voucher for the purchase of a new vehicle getting 4 more miles per gallon than their old car. They would get $4,500 if the new vehicle improved mileage by 10 miles per gallon.”
Who said that money doesn’t grow on trees?

Why 10-year bond yield will be two digits this year? This is disaster for us
The main reason of rising bond yield is the higher government budget deficit and debt and FED’s quantitative easing. And we are all known that we are going to face the risk of high inflation or hyperinflation because the action of policy makers create the inflation expectations and we are already seen them. If you look at current price data, core CPI and Core PCE increase for 4 months at accelerating rate, unit labor cost increases by 5% in the last quarter. Oil price increases by 100% in 4 months. The CPI data for May will show the jump in CPI and the inflation expectation data will also show the jump. Furthermore, if oil price stay at 70-100 USD/barrel, we could see the inflation at 15% in Q409 and Q110. Why don’t we see two digits 10-year bond yield?

But we will rather face the declining growth (especially employment) and rising price because the policy makers create the wrong policy and wrong signal to the private sectors. Clearly, all speculators jump to invest in oil and short government bond because if we face the bad economy, government will have more budget deficit and FED will print more money; surely, the all business and consumer will not expect the lower inflation. That means the higher inflation in the future or the higher long bond yield. The more liquidity by FED also support the speculation in oil price. However, we could not see the actual real growth because the unadjusted price by policy markers. The business prefer the lower employment to use monopoly policy rather than use full capacity because we are all known that the consumption will be lower; therefore, the producers rather choose to sustain their profit margin than expand production to get lower margin. Therefore, the wrong policy will create producers’ monopoly policy meaning the lower production and higher price.

It would be better if policy makers decide to build the expectation of 1) low and stable price; meaning that if there is no way to create the monopoly policy and we could see the growth along with price; higher growth and higher price.

Now speculators should have 2 pair trades: long US dollar and short government bond and long oil and short stocks because we are facing the rising inflation and interest rate that will kill the economy. That means we could face the false expectation in the stock price that depend on the real growth but we could face only inflation. We should also short bond yield from the rising inflation and long Us dollar from the benefit of the rising yield.

I think FED and US government should change the policy suddenly before those policies kill us all dead. I just learned for Ph.D. class in development economics on the growth strategies written by Prof. Rodrik that no short term policy that is successful to drive the growth sustainably and there is only long term policy can improve the economy. I agree the unorthodox policy but printing money to monetize debts is not good unorthodox policy but it will create the economic disaster. Because we will face only high inflation with growth or the growth depression with hyperinflation. Now the only thing I see is that government use concept of privatizing the gain and socializing the loss for the private but all subsequent debts and inflation will be the burden of the next generation and surely next generation will live with the high cost of living and a lot of tax payment for the debts.

I think this month we will see 4.5% ten year bond yield at least and two digits in this year. The only way to stop this trend is to stop wrong policy. FED should stop QE program and start to increase the interest rate to stop speculation and build the low inflation expectation. The government should increase tax on the rich, tax on the gain on oversea investment both hard and financial assets and increase excise or import tax to improve the trade balance.

“Is that the idiot on TV who recommended Bear Stern’s just six days before the 90% crash? Who gives advice on how to loose money in the stock market while honking horns and ringing bells? That guy? What an idiot.”

Brian
Cramster has gotten it WRONG! with preternaturally uncanny timing many times and on both sides of the trade, that’s because his hedge fund buddies need to sell to or buy from somebody.

Jam Creamer proves that you dont need to own or be short stock to make money in the stock market.

WRONG!

Ball wrote
“I’ve seldom seem someone so wrong on pretty much everything. “
Try Al Gore. However, Al Gore and Jim Cramer do have something in common – they’ve both made tens of millions of dollars! Come to think of it, Paul Krugman is also consistently wrong on everything and he is a multi-millionaire. Barack Obama is also currently batting zero – he is also a millionaire.

Bernanke’s Blues-

Where troubles melt like lemon drops, way above the chimney tops.

“Rollo Tomasi”: The bad guy that always gets away with the crime…