ralph schauss

Target is Roadkill - Cramer's Stop Trading (7/28/08)

today's market slump based on IMF comments about the continued US housing crisis, what is the value added of such comments ?, see Bloomberg
the IMF since 1998 has had no value added , so we are paying for a bunch of highly paid ( tax -free ) bureaucrats, if they had any value they would not issue comments for the USD 1 trillion housing losses in their divine estimate, but rather it is a lot more challenging intellectually to offer solutions than to write about the past,
what is the value of the IMF for the USA= zero !
in a normal company , it is a lot more difficult to create revenues than to cut costs which is finite and easy