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The guy is an idiot, but what he is asking Bernkake to do (and this seems to be posted on August 3rd), Bernake finally did it last Thursday, August 16th (cut the discount rate).
So the guys wasn't so wrong after all.
He worked fixed income at Goldman Sachs? Who the is this er? That irritated the outta me. You know what he's ing about, Bernanke didn't call him. He didnt' call him. Jesus, the guy is a moron. He went half a bill on Citi? Big ing whoopdidoo. And people listen to this -bag?
Look, I'm going say this nicely, but the fixed-income market has been in need of a repricing for a long time. Emerging markets saw gains of 400 basis points over three to four day periods last year, are you trying to tell me that that isn't putting pressure on markets? They needed to reprice. When you have credit premiums running less than 100 basis points between the the benchmarks EMs and US treasuries, we have a problem.
God never mind. s like that remind me why I got out of the game.
The guy is an idiot, but what he is asking Bernkake to do (and this seems to be posted on August 3rd), Bernake finally did it last Thursday, August 16th (cut the discount rate).
So the guys wasn't so wrong after all.
I've watched it for entertainment value, and that's all people should watch it for.Yeah, right....then why does his show even exist if not to give stocktips? He certainly isn't gonna have a show on how to calculate Betas.....
He does have some good theories on what to look for in stocks, but if it's your money on the line, you should research the company on your own, not rely on some talking head going a mile a minute, to tell you how to invest your cash.
He advances some good theories (some should be familiar for anyone who has studied Warren Buffett's investment principles, some from finance 101 courses from college), but you've got to take the underlying guidance and apply it to your investments.
You're really reaching with this one.
Last edited by Aggie Hoopsfan; 08-22-2007 at 08:52 AM.
I'd say he has reached much further away with other ones than with this one.
The guy was right with the action; but it wasn't as if he was the only one to figure that out. It was the only logical step Bernanke could take to alleviate some of the pressure. Tweaking the discount window is a small move that would have a big impact on the market; unlike quickly slashing the Fed funds rate, which would inevitably have cause more volatility and panic in the market. The Feds fund rate is like a sledgehammer, in this case something a bit more measured was required. Actually, what everyone is overlooking is the most important tweak Bernanke made; allowing term loans. This more than the cut is what would help the banks.
Again, this guy's advice was right, but, unlike what he was trying to project, it was something only he in his infinite wisdom devised. And I think that's what irks me about this guy the most. He acts as if he's the Fed chairman, what the is he supposed to do? He's going on and on about how people were calling him for assistance and asking him what to do. Bull . A two-bit tv stock 'guru' can do jack to move markets and smoothen out volatility. Please.
Damn straight you should research what you're investing into. You should also go into an investment that corrolates to your investment goals. The stupidest thing investors do is jump into something that doesn't fit their needs. That's the surest way to lose money and put yourself and your future financial wherewithal in jeopardy.
For you guys who want a good place to look at stocks check out The Motley Fool (www.fool.com).
Motley fool is one of the best stock radio shows imo.
I always watched this cramer guy because his show is so over the top. My wife and i laugh about it, and sort of get mesmerized by his ridiculousness.
From the get a Hint files : Dave Ramsey appearing semi-regularly on Neil Cavoto doesn't lend credibility to either FAUX or Ramsey....
Speaking of Ramsey, he was in deep denial today that those consumers with even reasonable credit are getting their mortgage applications re-evaluated, possible even being denyed, but at the very least having to pay a higher interest rate than before the whole subprime mess exploded......it got so bad even Cavoto, another shill, disagreed with him......
Left-wing partisan nutjobs keep the right-wing partisan nutjobs of the media in business.
I love Ramsey. I have been listening to him since I was around 16. I'm 21 now.
I don't agree with a lot of what he says, I believe in good debt-business wise, but he puts you in the right mindframe. That's why I like listening to his show when I have a chance. Only a fool takes in information from one source and forms their entire belief system around it.
Most of the people that call his show and have XX,XXX+ dollars of stupid debt are morons and have made idiot decisions.
An 18 yr old who hasn't been lucky enough to have a parent or someone else teach them about rothIRAs for example, will have ultimately lost out on hundreds of thousands of dollars if they would have waited till after college. Or even a million dollars had they waited until their 30s to start one up. I'm a firm believer that listening to Ramsey at a young age supplements a future life of wealth.
Last edited by Switchman; 08-24-2007 at 02:31 PM.
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