Cramer: "Let Ben Steer the Ship"
1 Mensagem
|Página 1 de 1
Cramer: "Let Ben Steer the Ship"
"Let Ben Steer the Ship"
By Jim Cramer
RealMoney Columnist
3/17/2010 6:50 AM EDT
"No one's sanguine about the idea that rates have to be kept down for an extended time, to use Fed Chairman Ben Bernanke's words. We should have seen rates rise a long time ago. We should have seen unemployment go to 9% or even 8% by this point and "real" unemployment dip down to the low teens instead of 17%. We should have see housing starts go back to a level that is higher than where it was when we had half the population we have now. We would love to see new car builds -- after the incredibly low levels we have seen -- surge to, say, 12.5 million units, a 50% increase from last year.
None of this has happened.
Yet people keep yapping about higher rates.
Can we please wait until we are sure that things are better? You can go through history for these difficult deflationary periods and all you ever heard is that the Fed is being soft on inflation.
I think it is hard on unemployment, weak construction and production and poor credit.
So let them moan. All the way through the grilling Ben will get today in Congress about how he is not doing enough.
He will have no problem taking rates up when the time is right.
It isn't. Not yet.
The rate jihadists should just give the guy some slack. He's been dead right for 18 months.
Let him continue. "
(in www.realmoney.com)
By Jim Cramer
RealMoney Columnist
3/17/2010 6:50 AM EDT
"No one's sanguine about the idea that rates have to be kept down for an extended time, to use Fed Chairman Ben Bernanke's words. We should have seen rates rise a long time ago. We should have seen unemployment go to 9% or even 8% by this point and "real" unemployment dip down to the low teens instead of 17%. We should have see housing starts go back to a level that is higher than where it was when we had half the population we have now. We would love to see new car builds -- after the incredibly low levels we have seen -- surge to, say, 12.5 million units, a 50% increase from last year.
None of this has happened.
Yet people keep yapping about higher rates.
Can we please wait until we are sure that things are better? You can go through history for these difficult deflationary periods and all you ever heard is that the Fed is being soft on inflation.
I think it is hard on unemployment, weak construction and production and poor credit.
So let them moan. All the way through the grilling Ben will get today in Congress about how he is not doing enough.
He will have no problem taking rates up when the time is right.
It isn't. Not yet.
The rate jihadists should just give the guy some slack. He's been dead right for 18 months.
Let him continue. "
(in www.realmoney.com)
-
- Administrador Fórum
- Mensagens: 31013
- Registado: 29/10/2002 4:04
- Localização: Aveiro
1 Mensagem
|Página 1 de 1