recession
Cramer: Small Rate Cut 'Delayed the Recovery'
By Webmaster - Posted on December 12th, 2007
Jim Cramer thinks the rate cuts should have been bigger. So then we could all live in $2,000,000.00 homes and drive those hummers they parked in the desert and couldn't sell when all that home equity evaporated. How can we reinflate that bubble without cheap credit anyway?.
The alternative, painful as it is, is to let banks fail, after which the economy will go into recession.
Or something like that.
Cheaprealty presents:
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