"The hawks on the Fed are going to be gunning for no more rate cuts, which is obviously not what the market wants," said Cramer, after a volatile last week on Wall Street gave way to a three-session rebound.On Wednesday, the
plummeted 800 points, or 3%, with bond yields falling to multiyear lows and the 10-year Treasury yield inverting and trading for short time lower than the 2-year yield.Against a backdrop of lower market rates and concerns about global economic growth due the U.S.-China trade war, the marketLast month, central bankers reduced rates for the first time in more than a decade. The 0.25% move dropped rates to a target range of 2% to 2.25%.
Someone tell Jim to go look at the farm sector of the US economy completely falling apart or US manufacturing. Kudlow is lying because they do not want to panic everyone prior to the 10% tariffs coming on September 1st. These guys are NUTS.
I wouldn't listen to Jim Cramer, on economics. Jim is a Crook. Should really have been fired from CNBC, but because of his Bloodline they keep him. But Cramer's understanding of economics is only as Broad as his Prison cell. Actually, Jim Cramer should still be in prison.
To be clear, this is the same thing Cramer told everybody before the last recession. It was just about ten years ago that Jon Stewart spank him on national television and I remember it well
Jim said in 2008: 'Bear Stearns is fine. Do not take your money out. If there’s one takeaway, Bear Stearns is not in trouble. I mean, if anything, they’re more likely to be taken over. Don’t move your money from Bear. That’s just being silly. Don’t be silly.' 5 days later no Bear
If 2% inflation is a FED rational, then interest rates should be no higher. The FED should not be a driver of inflation. Productivity should control.
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Trump says Fed should cut rates by at least 1% 'with perhaps some quantitative easing'The president said the Fed has been hampered by a 'horrendous lack of vision' and said it should institute 100 basis points worth of reductions in its benchmark rate. Taking advice from a multiple times bankruptcy biz owner.....NOT! lol
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Trump complains again about Fed Chair Powell, says he lacks 'vision'President Donald Trump on Monday criticized Fed Chairman Jerome Powell ahead of the central banker's highly anticipated speech later this week. In a series... My opinion: Why? Every 10 yrs we have some type of a recession? Money! The FRB manipulates currency through interest rates. When the economy is good stocks are high. Selling stocks isn't profitable. A sell off, creating a recession is good for Wall Street. Sell high, But low. So funny how Trump complained about interest rates going higher about 1 year ago- And Guess what he was 110% correct as usual and media and experts were 100% wrong as usual
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