He is also the guy who would rather the Fed try inflate its way out of the breaking of the multitude of asset bubbles now popping. Can you imagine what commodity (and oil) prices would be doing now if the Fed had cut rates to 2% when Cramer wanted them to?
So the best way to prevent bubbles from breaking is to create more of them? Thought he would have learned his lesson from the Fed dropping rates to 1% and keeping them there for too long from 2001 - 2004 but I guess not.
Rant Anniversary - Cramer's Mad Money (8/1/08) [View article]
So the best way to prevent bubbles from breaking is to create more of them? Thought he would have learned his lesson from the Fed dropping rates to 1% and keeping them there for too long from 2001 - 2004 but I guess not.