Posted on 06/30/2022 9:03:57 AM PDT by ConservativeInPA
‘Mad Money’ host Jim Cramer and the ‘Squawk on the Street’ discuss inflation and markets as the first half of 2022 comes to a close.
Cramer is always wrong.
What or who is RH? Thanks.
Inflation is just getting started. Demand for products due to shortages of everything will drive it up and up and up. I give out Zimbabwe. Trillion dollar bills to my customers.
With enough money and leverage, one could become very wealthy doing the opposite of what Cramer says.
Nye is the MSM idiot Science guy, Cramer is the MSM idiot Financial guy.
I have the opinion that by the time any investment advice from tv talking heads is already outdated and designed to enrich the “smart” mooney by getting them out of an peaked position.
Agreed. My hunch here and the motivation for my question is simple. GIGO. The Fed consumes garbage and produces poorly timed garbage decisions.
Robinhood, one of the brokers that turned off the ‘buy’ button last year.
even amazon and ebay prices are going up .. amazon every few days
you have to watch your amazon “subscription” items just before they ship. that’s when they raise the prices on ya
hint to the wise
some of the prices go up ten percent each month
Yeah. But he's kind of fun to watch. For maybe 10 minutes.
> Cramer is always wrong. <
Back around 2006 some guy set up a stock-picking contest between Cramer and Leonard the Wonder Monkey (Leonard was really a computer program that picked stocks randomly.)
Leonard won. He didn’t win by much, but he won.
Don’t follow Jim Cramer for economic advice.
For my part, Steve Cortes has a much better handle on economic reality, he’s at @Steve on GETTR.
Let’s say ground round costs $6/lb.
It increases to $9/lb - that is 50% inflation.
Then, it increases another $3 to $12/lb - that is another 33% inflation
More increases by $3 to $15/lb - that is only 25% inflation.
But inflation has peaked!!!! Inflation is falling from 50%, to 33%, to 25%. Don’t you feel great, we have had peak inflation!!!
“Bear Sterns is fine. Don’t take your money out. That’s just being silly!”
https://www.youtube.com/watch?v=V9EbPxTm5_s
Do you work for the Government. That is exactly how they figure.
Alway!
He is a slimey slug.
A perfect inverse indicator, we aren’t through the woods yet.
Follow Jim Cramer’s advice Costanza style and you will make mad money!
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