Recent Blog Posts
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The $4.5 Billion Dollar Bank Run
Nov 07 201111:20 am EDT -
The Times' Rorshach Geithner Story
Apr 27 20099:26 am EDT -
Sinking Animal Spirits
Apr 27 20098:45 am EDT -
Counter-cyclical Urban Policy
Apr 26 200910:00 am EDT -
Be Your Own Counterfeiter
Apr 26 20099:36 am EDT -
Being Tim Geithner
Apr 25 200912:37 pm EDT -
Notes From a Press Conference Naif
Apr 25 20099:41 am EDT -
What Good is the News?
Apr 25 20098:32 am EDT -
Stressful Enough
Apr 24 20092:29 pm EDT -
Not Regretting the Pound
Apr 24 20091:09 pm EDT
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Melted Cramer on Toast
Jim Cramer is the Britney Spears of the financial punditocracy: famous for being famous, great at attracting attention in a trainwreck kind of way, self-destructive and self-loathing, and completely, utterly out of control.
Barry Ritholtz has all you need to know about Cramer's latest meltdown on CNBC, complete with the Crystal Method remix version. (Highly recommended, by the way.) The saddest thing about it is that poor Erin Burnett is desperately trying to perpetuate the fiction that Cramer actually has something substantive to say: at one point she even tries to ask him how a Fed rate cut at the overnight end of the yield curve would bring down long-term interest rates. But of course Cramer is no longer, if he ever was, the kind of person who thinks about the shape of the yield curve or really anything at all. He knows only one thing, and that one thing is always either "buy" or "sell". Right now, it seems, he's a seller. Although he, of course, would put it much more colorfully.
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