Great youtube videos illustrating what a fool rabid inflationist Jim Cramer really is. First in September 2007 he mocks the bears and tells everyone that the Dow would rise to 14,500 by year end -It ended 2007 at 13,200 and is now at 12,159- and plays "halleluja" music because the Fed's 50 basis point cut meant that they were "back with the good guys" and supposedly had saved the economy. He further mocks the idea that this would cause oil prices and inflation to rise and the dollar to fall. All of which have come true, making those of us mocked by Cramer consistently right and Jim Cramer consistently wrong.
Now he again is hysterical and attacks the Fed for not inflating fast enough. Ironically, he also attacks the Fed for being "so consistently wrong"-which is what he has been as this video illustrates. Not even his "fact box" where he inform the viewers that the last previous Fed cut was in June 2004 is correct(The correct month is June 2003). Anyway, watch it for yourself, it is really good.
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