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Market Currents

Monday, June 8, 2009

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More than anyone else, Ben Bernanke saved the U.S. from a second Great Depression, Jim Cramer says. "Bernanke learned the lessons of history and refused to let it repeat itself. Bernanke once seemed Lilliputian compared to Greenspan. Now their statures have been reversed."

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This news story has 12 comments:

- spald_fr:
- Comments (370)
I am sure Ben Bernanke is thoroughly grateful for Jim Cramer's testimonial.
Jun 08 12:18 PM | Link | Reply
- herbert hoover:
- Comments (1446)
Jim Cramer should not be yelling "We won!" until the game is over.
Jun 08 12:19 PM | Link | Reply
- nova:
- Comments (569)
Jim Cramer is a shill and a perfect contrarian indicator.
Jun 08 12:22 PM | Link | Reply
- CautiousInv...:
- Comments (1173)
- • Instablog (46)
- • StockTalk (19)
Cramer, being a green shooter, is clueless to the fact that we have no idea of where we stand....other than slowing second derivatives... after spending and or guaranteeing $13 trillion and ballooning the Fed balance sheet through QE.

Right now, markets are signaling fear over the combination of inflation, unmanageable deficits and rising risk premium for US Treasuries. Threats remain intact and Bernanke's place in history is still a work in progress.

Jun 08 12:25 PM | Link | Reply
- lee:
- Comments (26)
I guess everyone forgot Big Ben touting our "Great Moderation" era from 2005-2007.
Jun 08 12:26 PM | Link | Reply
- Xxantu:
- Comments (4)
Why is anyone still paying this idiot any attention? He can be smart but his outrageous persona and poor predictions wiped all credibility off the map!
Jun 08 12:41 PM | Link | Reply
- tunaman4u2:
- Comments (556)
- • StockTalk (141)
The unintended consequences of these guys follow them years later... lets wait till then to see if their actions really were good or just pushed the problems down the road & made it worse. Greenspan looked great at the time... so does Ben now
Jun 08 12:41 PM | Link | Reply
- Vuke:
- Comments (505)
Cramer's statement illustrates perfectly the pitfalls awaiting his sound bite investment advice.

History is not made in a few months, nor are economies or companies. It took generations to build the industrial base we rest upon and at least from 1971 ( repeal of Bretton Woods) to complete its ruination.

Bernancke's reputation will mainly rest upon what emerges from his efforts, least of all upon Cramer's interpretation of them.
Jun 08 12:48 PM | Link | Reply
- Afamiii:
- Comments (18)
- •
- Smart Investor
- |
- smartinvestorafrica.com
Judged as the politician he is, he has won this round, he postponed the crisis by flooding the system with cash and getting the tax payer pick up the tab.

Unfortunately, the other politician is creating a new crisis with a stimulus package that will not stimulate and will be a drag on growth. This stimulus package will mean tighter money in the future (if Bernanke cares about long term prosperity) or higher inflation (if he doesn't) or possibly both (if he's as incompetent as his predecessor.) smartinvestorafrica.com
Jun 08 12:49 PM | Link | Reply
- jgbooker:
- Comments (35)
Wow, just wow.
Jun 08 12:54 PM | Link | Reply
- Mr. Ed, Jr.:
- Comments (488)
Cramer has now lost all contact with reality. This may be the column that he never lives down, especially the statements about the housing market.

Cramer and the "Green Shoots" crowd are causing me to seriously reconsider my doubts about the existence of a parallel universe.

Jun 08 01:00 PM | Link | Reply
- wassercom:
- Comments (7)
- • StockTalk (1)
Cramer was bad-mouthing Bernanke et al. just a few short months ago; ever since he (Cramer) had his knee-caps busted by that other loud-mouth shill, John Stewart, he has had nothing but good things to say about our beloved leaders.
Jun 08 01:01 PM | Link | Reply