Inflation is excessive money supply, over and above what’s justified by improved productivity.
When a $billion$ or two simply disappears in a bank failure, that’s DEflationary. I think it was Milton Friedman who said that deflation is what keeps central bankers awake a night, because they have no tools to control it. Other than creating more bad debt, or impoverishing the taxpayers.
Since Cramer is always wrong, that means buckle your seat belt we’re going for a ride.
I read his book, Confessions of a Wall Street Addict, I think was the name back in 2003... I really actually enjoyed reading it. I thinks his stock advise is just him throwing darts at a Wall Street Journal with a calendar that he doesnt know is underneath it though... He’s a character for entertainment purposes I think. He sure seems to be wrong a lot.
Fvck. Why did he have to say that? So we’re getting a hard landing and inflation isn’t going away. Cramer needs to shut his pie hole.
So where does the cash come from for the bailout? No rate hike and more fake money infused into the economy? This fool is never right. This fiasco just exacerbates the issue and delays the inevitable, recession.