Jon Stewart Rags on Jim Cramer (Video)
Posted on March 13, 2009CNBC Mad Money’s Jim Cramer recently appeared on the Dailyshow and got absolutely hammered by Jon Stewart. Jon Stewart claims Jim Cramer mislead the public about investments, the liquidity of corporations and said he focused too much on the entertainment rather than telling the facts.
Cramer says that viewers were to eager to believe what corporations were telling them and should have opened their eyes and looked at the big picture.
The interview took place on the Comedy Central’s ‘Daily Show’ on March 12, 2009.
What do you guys think? Is Jon Stewart just being an AS* Hole or did Cramer really mess up?
Posted by: Jeff
2 comments
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nothing but the truth is: “NOT DONE”, folks!!
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While I enjoy watching Cramer every night, one must remember the show is primarily entertainment. The financial networks exist to promote their advertisers financial and investment products. Who would expect them to warn about the credit bubble or coming Washington national debt collapse which will destroy much of the remaining private wealth in America today or what this will do to the dollar, the stock market, bonds, gold or the real estate market?
China is now worried about their dangerous over investment in US Treasury obligations. Washington ’s long-term choice is either repudiation or monetization. For monetization to be effective, the depreciation in the dollar would have to be substantial and this in turn would dramatically raise prices of imports for American consumers which would mean a tremendous drop in foreign imports. Debt monetization would cause more disruption to exporting nations than selective repudiation of Treasury debt.
The Campaign to Cancel the Washington National Debt By 12/22/2013 Constitutional Amendment is starting now in the U.S. See: http://www.facebook.com/group.php?gid=67594690498&ref=ts
Thanks,
Ron with 30 plus years in the investment business and banking industry.
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