Those are the words of cramer, all I have to say is this market is going to fucking collapse, with words spoken in that matter this market is in real trouble, to think that the fed is "juicing" the markets to create wealth for the people of the US is really not the way to think that's how this QE2 is being spent. Only people feeling this "wealth" are the top 1% of the richest in this country, that's about it, the rest of those in the working class and within poverty lines aren't feeling anything as more than 17 million people still remain unemployed and over 40 million on food stamps, ask the person who is receiving food stamps every week if they have investments in big tech and high paying dividend yielding stocks. Come on this is a fucking game they are playing to make you think the economy is turning around meanwhile the only ones feeling any wealth effect are the big guys at the top.
cramer is just the biggest fool I have ever seen. I am almost speechless by the thought process of how this fool thinks. He says that bubble ben bernanke is "doing his best to send stocks higher" and that this will have people starting to spend again. First things first, 45 million people in the US are in poverty, he makes it sound like all 300+ million people are fully invested in this stock market can easily withdraw money from their trading accounts on a daily basis and just go buy tvs, shoes, clothes, food and trips to anywhere around the world.
How Bernankeâs Boosting the Markets for Us
Published: Tuesday, 2 Nov 2010 | 6:32 PM ET
Text Size
By: Drew Sandholm
Web Producer
Ben Bernanke is doing his best to send stocks higher, Cramer said Tuesday, because it's the one way he can prevent the US economy from falling into an elongated period of economic stagnation, like Japan had in the 1990s.
To avoid Japanese-style deflation, Cramer said the Federal Reserve chairman's plan is two-fold: get money back into equities, especially in growth and high-yielding stocks, and send the stock market back up so that people will start spending again.
People seem to think Bernankeâs policies directly affect the economy, but thatâs not true. He, unfortunately, canât boost home prices or wages, or create jobs for that matter. But what he can do is use the tools at his disposal to create an environment where these things are possible. For one thing, he has kept interest rates low enough that youâd think we would have seen more hiring by now. And he is taking similar steps to prop up the stock market. Hereâs what heâs doing:
Bernanke can flood the world with US dollars to drive up commodity prices, something the markets want very much. He can keep the dollarâs value low, thereby increasing profits for American companies that do business overseas. And these increased earnings entice investors back into stocks. Plus, Bernanke can keep interest rates so low as to make Treasurys and certificates of deposit virtually worthless as investments. That brings investors back to stocks, too.
âSo donât think about the Fed as trying to create jobs and stabilizing housing,â Cramer said. âI am telling you that weâre looking at this all wrong if thatâs what you think. Bernankeâs trying to juice the market, to create wealth for you.â
Investors are awaiting the results of the Fed's two-day policy-setting meeting, which began Tuesday and ends with a much-anticipated statement Wednesday afternoon. While many economists expect the Fed to announce plans to buy Treasury securities to stimulate the economy, Cramer said Bernanke will use "any means necessary" to prevent the "Japanization" of the US economy.
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cramer is just the biggest fool I have ever seen. I am almost speechless by the thought process of how this fool thinks. He says that bubble ben bernanke is "doing his best to send stocks higher" and that this will have people starting to spend again. First things first, 45 million people in the US are in poverty, he makes it sound like all 300+ million people are fully invested in this stock market can easily withdraw money from their trading accounts on a daily basis and just go buy tvs, shoes, clothes, food and trips to anywhere around the world.
How Bernankeâs Boosting the Markets for Us
Published: Tuesday, 2 Nov 2010 | 6:32 PM ET
Text Size
By: Drew Sandholm
Web Producer
Ben Bernanke is doing his best to send stocks higher, Cramer said Tuesday, because it's the one way he can prevent the US economy from falling into an elongated period of economic stagnation, like Japan had in the 1990s.
To avoid Japanese-style deflation, Cramer said the Federal Reserve chairman's plan is two-fold: get money back into equities, especially in growth and high-yielding stocks, and send the stock market back up so that people will start spending again.
People seem to think Bernankeâs policies directly affect the economy, but thatâs not true. He, unfortunately, canât boost home prices or wages, or create jobs for that matter. But what he can do is use the tools at his disposal to create an environment where these things are possible. For one thing, he has kept interest rates low enough that youâd think we would have seen more hiring by now. And he is taking similar steps to prop up the stock market. Hereâs what heâs doing:
Bernanke can flood the world with US dollars to drive up commodity prices, something the markets want very much. He can keep the dollarâs value low, thereby increasing profits for American companies that do business overseas. And these increased earnings entice investors back into stocks. Plus, Bernanke can keep interest rates so low as to make Treasurys and certificates of deposit virtually worthless as investments. That brings investors back to stocks, too.
âSo donât think about the Fed as trying to create jobs and stabilizing housing,â Cramer said. âI am telling you that weâre looking at this all wrong if thatâs what you think. Bernankeâs trying to juice the market, to create wealth for you.â
Investors are awaiting the results of the Fed's two-day policy-setting meeting, which began Tuesday and ends with a much-anticipated statement Wednesday afternoon. While many economists expect the Fed to announce plans to buy Treasury securities to stimulate the economy, Cramer said Bernanke will use "any means necessary" to prevent the "Japanization" of the US economy.
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