For those who missed the action, here is a piece of it.
He is either faking it (not uncommon on American television) or he is pretty near to having a heart attack.
We should probably put Jim Cramer, Bill Poole, and Ben Bernanke on The Jerry Springer Show someday.
{ 4 trackbacks }
{ 12 comments… read them below or add one }
I watched that over the weekend, and had similar suspicions. Cramer recovered from it too quickly, and Burnette wasn’t rattled enough, for it to be the real thing. He looked like he was internally stoking himself up for the segment.
On the other hand, he may have some serious skin in the hedge fund game.
Have to admit he’s a decent entertainer.
I watch his show a lot, the guy has a lot of genuine passion for what he does and what is going on in the markets. He *is* seriously pissed over the fact that the current credit crunch could easily be tended to via the Fed, but because Bernanke has such an academic outlook on things that they won’t go that route.
Staged? Possibly, but he got his point across better than anyone else has managed so far on this situation.
I like minimal guv’mint intervention, so would be happy to see Bernanke stay put on the Fed Funds rate. If the economy is not deflating, or at least not seriously disinflating, why mess with the rates like Cramer suggests? I don’t think lenders or borrowers deserve to be bailed out or have their situations mitigated with lower rates, or whatever term it was that Cramer used. We’re all grown-ups in the economy here and can (and should) live with the consequences of our microeconomic actions; some decisions pan out well, others not so well. That’s the nature of market freedom.
Almost as funny as Cramer’s LVLT recommendations - http://www.stocktagger.com/2007/08/jim-cramer-accuracy-of-level-3.html
Umm, Steve, minimal government intervention would be letting the market itself set the price of money instead of the Federal Reserve. How can we trust Greenspan or Bernanke to know what is the correct interest rate anyway? If Greenspan hadn’t lowered interest rates to 1%, fueling excessive housing speculation, we wouldn’t be in this mess in the first place.
It seems as though Cramer may have had an increased level of rage, that usually isn’t witnessed on CNBC’s Mad Money.
He brought in extremely personal feelings and thoughts about people losing their houses and jobs. He definitely meant business in that video.
-Sam from MarketMatador.com
haha, that seems like typical Jim Cramer. Even though I don’t buy his picks, I usually love watching the show… great entertainment.
I’m so sad for all of jim’s millionaire friends who’ve been screwing everyone else. If it’s armageddon for jim and the ripoff artists, it’s gotta be nirvana for everyone else.
Wow I watch Jim Cramer’s Mad Money every so often and I must say that he is animated but not to this extent. I respect his knowledge but know that he obviously could not be able to correctly predict everything. He is definitely upset on the “stop trading” segment and I wouldn’t be surprised if he/his friends are losing a lot of money right now.
Does anyone have an update whether Cramer is alive or dead after Bernanke refused to lower the interest rates today?
Does anyone have an update whether Cramer is alive or dead after Bernanke refused to lower the interest rates today?
He was on CNBC when the announcement came out, it didn’t look like he was going to stroke out.
The MM show tapes at 4:30, so in theory he should still be alive unless they taped early expecting his head to explode.
rstlne: I think there is a diff. btw. minimal and no guv’mint intervention. To answer your question, I don’t trust them to get it right, do you? (They cannot predict what is the proper course of action, i.e. the future, any more than anyone else can.) I agree with your Greenspan comment. I think his actions earlier this decade set unfair expectations about what the Fed can and should do to address financial (not monetary) maladies. Back to the minimal intervention comment, I like the recent trend of getting neutral (wherever that might be) and staying put.
Leave a Comment