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Bullard Slams "Unsavory" Jim Cramer's "Permanent Cheerleading," Admits "Fed Can't Support Stocks Forever"
When The Fed's own cheerleader-in-chief (see October 2014) slams you for cheerleading, you know it's gone too far. In a stunning 30 second clip on CNBC this morning, St.Louis Fed head Jim Bullard sent a message to "your friend Cramer", saying "The Fed cannot permanently raise stock prices," adding, rather astonishingly to the anchors, "to have [Cramer] cheerleading for lower rates 24 hours a day is unsavory."
We assume Cramer will rebut this statement later in the day by exclaiming "they know nothing!!"
Remember what happened the last time someone dared to criticize Cramer...
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I think what bullard is alluding to is that all good market manipulators should try to pretend that the fed does not exist as even the dumb money such as myself is realizing that the market is a scam. And that tho these people talk in enigmatic and ominous terms there is risk that even the unwashed are realizing its bullshit and that they are being screwed by wealthy pig fuckers.
The is a good article on ny times about the human tragedy that is the us dabbling in the middle east. The marines are pretty smart and should wake up to who is the real enemy of the american people and the american way of life. I regret what my nation has done and continues to do starting with hiroshima.
Sylvan, you gotta be more polite than that!
Fuck you, paid shill! The truth isn't polite and the truth is Jim Cramer is a Goldman Sachs/Fed Reserve shoe-shine boy and got called out on it on national TV!
Haha the FED now blames Cramer.. LOL
The truth is extremely impolite. They only like polite BULLSHIT on cnbc.
The Fed can raise stock prices nominally forever. But not in real terms. As long as there is a Fed, the dollar will be devalued..
Jim Cramer's "Permanent Cheerleading," Admits "Fed Can't Support Stocks Forever"
Why Not
A Company doesn't even have to make anything or be sucessful. As long as a Bank sells a Ticker for more than they bought it for 30 mlliseconds ago, it could go on forever. It's only a problem when somebody doesn't want to play planet ponzi anymore, and you don't want to be the last one holding the Bag with nobody to sell the bag to.