CNBC's Jim Cramer on Wednesday said that the market got distracted by Janet Yellen's remarks on bank failures rather than focusing on the stability reflected in the Fed rate hike.
Cutting through the fear, Cramer explained that the Fed's moves today should not have been anything to worry about.
Well...if he says so...then...
Well, looking at the history of the Fed under Bernacke, Yellen and Powell, it seems obvious that these aren't brilliant economists with the capability of steering a steady ship. The look like they are asleep half the time and reactionary the rest.
No, your comments shock the market! Quit passing the buck
She has just become a political tool
I thought Jim Cramer would know about the trend line but I guess CNBC is here to make retail investors their liquidity pool.
Even if true, so what?
File under: Capitalists panic when the protections of socialism are denied to them. Yellen isn’t the problem, the craven hypocrisy of capitalists is.
He liked ET. 4 weeks ago tonight he dislikes it? thanks Jim.
jimcramer also loved SVB
If the regulators did their job & politicians were not bought off to loosen regs, this would not be necessary as it would present a moral Hazzard where banks would take even more risk. FIDC insurance should bechigher, & special acct. status for payroll accts can be established.
It was bc Powell confirmed no cut this year
Ask him if I can still buy in on his SVB tip
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