Just saw this clip & it looks like Cramer is about to blow a gasket.
I’m an optimistic guy, but I’m also realistic. This could get ugly.Update:
&
“Of course Cramer is wrong. This is a classic credit crunch with rapidly increasing nonprice rationing. Cutting the rate would help a few homeowners, but it is the tightening lending standards for both mortgages and corporate credit (especially junk rated bonds) that are causing the credit crunch. “
All I can say is “WOW!”.
He really gets emotional – pounding his fist, etc.
First time I’ve seen this clip. Thanks for sharing.
Great clip. Cramer definitely has his own way of illustrating a point, and this time he really turned a lot of heads!