BxCapricorn

We've Only Just Begun - Cramer's Mad Money (10/22/08)

Obviously Cramer has now transitioned to being a Headline News Reporter. About as sensationalistic and accurate. He tells us that we've just begun the recession, while economists already know that this occurred in November 2007 or January 2008, depending on your indicator of choice. Our current time period is not the "recession start", but rather the hedge fund implosion stage of the contraction. Here is our Cramer, pimping Panera Bread, because people don't know how to make their own coffee, sandwich, soup and bread. This restaurant was a play on mall shoppers who needed a little bit more than a $5 coffee, to fuel their wasted day, buying their fortieth handbag.