7 comments on “Very Mad Money

  1. I would not say that Jon Stewart “won” the debate. He simply did what liberals commentators like Chris Matthews and Keith Olberman have been doing for years, asking leading questions, making slanted remarks, and cutting people off. Cramer could not get a word in edge wise.

  2. …asking leading questions, making slanted remarks, and cutting people off…

    Taking a page out of Hannity and O’Reily’s playbook, I suspect.

    But to the main point: you ARE correct. Jim Cramer did not get a word in largely due to Stewart’s control. But when you’re being interviewed by someone like Stewart, the secret is: yell louder. Make your point emphatically. Cramer was a puppy dog who got owned. Plain and simple.

  3. I don’t think Jim Cramer’s career will take too much of a hit for this. Like politics, most people who offered their support for a person stay committed to that person through thick and thin. People entertained by Cramer’s show or who have received advice that turned out well won’t be scared way from Mad Money based on his poor showing on the Daily Show.

  4. What are you talking about Willis, that was one of the most entertaining hours of television I have viewed. Ever. Cramer’s eyes welled up. His voice fluttered. The whole thing was reminiscent of a German Shepherd eating a cat. And damn, do I ever hate cats.
    However, w/ all that aside, Cramer did all he could do. Opening his mouth further would’ve only ruined his credibility more than it already is.

    -n

  5. It is ironic that Jon Stewart and a comedy show instead of the regulators or news media had to bring all of this public. Also in Cramers defense he is far less guilty than most of the other financial media for their efforts together with Wall Street, the politicians & incompetent regulators for what has happened.

    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.

  6. Utah,

    “It is ironic that Jon Stewart and a comedy show instead of the regulators or news media had to bring all of this public.”

    I agree wholeheartedly. Where was CNN? Where was Fox News? Where was MSNBC? All they cared to examine was the “showdown” and not all the events leading up to it.

  7. Hey Dre,
    I completely agree with you on how Cramer simply sat on his hands. The reason, I believe, is because the choice was just stand there and take it, or risk explaining to John Stewart’s Liberal audience that it wasn’t ALL Wall Street’s fault (which would make him look like he was defending them) and that people who now hold mortgage debt and credit card debt that is 123% of their assets (probably the majority of John’s audience) were also to blame. Want to turn people against you? Tell them it’s not all someone else’s fault.
    @ Utah,
    Well said. Most of these financial gurus are simply trying to drive up stock they already own by backing them. This is all short-term profit. They then all try to prop up the market long term because they don’t want to “talk it down”. It’s hard to find anyone willing to risk going against the grain and tell the truth, just ask Peter Schiff.

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