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Jim Cramer is NUTS I Tell You!

By JLP | August 6, 2007

Watch this and you’ll see what I mean. Armageddon??? Really?

Topics: Business News | 13 Comments »


13 Responses to “Jim Cramer is NUTS I Tell You!”

  1. Amber Yount Says:
    August 6th, 2007 at 6:36 pm

    Whoa. That guy is rude. And screamy.

  2. J2R Says:
    August 6th, 2007 at 6:58 pm

    I kinda agree with Cramer.
    Millions of families will lose their homes. Was it their fault for taking a tease rate? Yeah… But that doesn’t change the fact that millions will still lose their homes.

  3. Moneymonk Says:
    August 6th, 2007 at 7:18 pm

    Jim Cramer is just passionate about the little people and he feels he cnnot do anything about it.

    I housing market is slumping because of these so called piggy bank sub-prime loans

  4. Don Says:
    August 6th, 2007 at 8:23 pm

    He’s definitely passionate about something. He talks about people losing their homes, but also talks about people (bankers) losing their jobs. But I don’t know how bad it is out their either.

    When I took my last loan, I know I was deathly afraid of an adjustable mortgage in a probable inflationary environment (and went fixed 30 year instead).

  5. thefeeonlyplanner Says:
    August 6th, 2007 at 8:53 pm

    I only watch Kramer when I need to laugh about his antics, this video is a great representation of the uncontrollable laughter he provides me…It’s priceless!

    Oh, and tune out what he is saying, he tends to dramatize any type of situation…just a little:-)

    I gotta watch it again….”He has NO IDEA” “THEY KNOW NOTHING” “THE FED IS ASLEEP” “I have never seen it so BAD” “We have ARMAGEDDON” “I am too darn old” No, you are not keep going buddy!

  6. Brian Says:
    August 6th, 2007 at 9:48 pm

    He’s much more entertaining to watch than a lot of the stuffed shirt investment analysts on CNBC. In any case, I think he is doing what he does best – taking a probable truth and exaggerating it just a wee bit. Gotta keep those high ratings!

  7. Johnny Says:
    August 7th, 2007 at 6:42 am

    He was on Hardball last night. A little calmer than the video shown.

    His point last night was nobody in Washington has even hinted that sub-prime lending is a problem, nor have they made steps to either help out these borrowers or tighten the lending regulations.

    What I can’t get my hands around his point that these people who are going to lose their homes had no idea what they were getting into. Were the lending institutions preying on innocent victims? Not sure if this is a valid argument. What do you guys think??

  8. jtc Says:
    August 7th, 2007 at 9:03 am

    Kudlow is right.

    http://corner.nationalreview.com/post/?q=NGUyZDhkYjEzNzM0MDNmM2U1M2Y1NTM4Y2IzMmE3Mjg=

    Cramer is wrong.

  9. Chris Says:
    August 7th, 2007 at 9:12 am

    Does the fed need to? The banks have already figured it out and are tightening their lending practices. It’s pretty hard to get a loan at all right now.

  10. JLP Says:
    August 7th, 2007 at 9:52 am

    Johnny,

    I’m sure there was some dishonesty going on with both the mortgage brokers and the credit-seekers. However, if someone doesn’t take the time to figure out what type of loan they have and what is expected of them, I have a hard time feeling sorry for them. Buying a house is serious business and should not be done on emotion.

  11. Tom Says:
    August 7th, 2007 at 10:34 am

    Jim Cramer is not nuts, he is a manipulator. I can’t find it right now but there was a video of an interview he gave with some website for investors where he all but admitted to saying crazy incendiary things just so he and his hedge fund buddies can pump and dump stocks. I can’t be the only one who saw that video, anyone got a link?

  12. Michael Says:
    August 9th, 2007 at 8:10 pm

    The shake out of the sub prime market will effect us all, investors fleeing the equity markets will drive up bond prices and suppress interest rates. It may would in borrowers favor if any banks will still be willing to loan money.

  13. Michael Says:
    December 14th, 2007 at 12:19 pm

    At this point I think we can all agree that Jim Cramer missed the boat. There is no evidence that we entered into a deflationary period. In fact Google just released that Inflation was googled more times than deflation or recession this year.

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