Jon Stewart of The Daily Show and Jim Cramer of Mad Money have had an ongoing dispute for the last few weeks. One of the reasons I love The Daily Show so much is that, unlike "real" news shows, they're in a unique position to call people out for what they really are and say what the rest of us are thinking. And the fact that Jon Stewart is much more intelligent and clever than some give him credit for makes these types of showdowns all the more enjoyable.
Check out the recent interview below which brought the Stewart/Cramer feud to a head. Heads up for an F-bomb or two.
4 comments:
While I enjoy watching Cramer every night, one must remember the show is primarily entertainment. The financial networks exist to promote their advertisers financial and investment products. Who would expect them to warn about the credit bubble or coming Washington national debt collapse which will destroy much of the remaining private wealth in America today or what this will do to the dollar, the stock market, bonds, gold or the real estate market?
China is now worried about their dangerous over investment in US Treasury obligations. Washington ’s long-term choice is either repudiation or monetization. For monetization to be effective, the depreciation in the dollar would have to be substantial and this in turn would dramatically raise prices of imports for American consumers which would mean a tremendous drop in foreign imports. Debt monetization would cause more disruption to exporting nations than selective repudiation of Treasury debt.
The Campaign to Cancel the Washington National Debt By 12/22/2013 Constitutional Amendment is starting now in the U.S. See: http://www.facebook.com/group.php?gid=67594690498&ref=ts
Thanks,
Ron with 30 plus years in the investment business and banking industry.
Rachel, I hope you edit this lengthy diatribe off your blog!!
I try only to edit posts that are inappropriate or offensive. While the writing is bad enough to be considered offensive (and even though this is some sort of ad) it's not offensive enough to be removed.
It seems to me that while Cramer's show is "entertainment," the information is provided in such a way that it is not intended to be a joke. He takes his show and the information he provides seriously. He thinks he's right on the money (pun intended). Should it be a surprise that the show didn't advise of the upcoming economic problems given the show's sponsors? Not to intelligent people. But, as much as I hate to admit this, most of the people in this country aren't intelligent. Well over half our population can't find New York or Iraq on a map, for crying out loud.
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