Jim Cramer on Economic Stimulation
January 29th, 2008 by Grant in: EconomicsI tend to view Jim Cramer as a ego-centric financial actor, but it sounds like we’re on the same page concerning the governments proposed economic stimulus package.
Evidently he agrees that lower interest rates will have a more immediate effect than handing out $600 to individuals.
Tags: Economics | Jim Cramer | stimulus package
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February 1st, 2008 at 5:02 pm
I still think Cramer is a nutter, but he is right on this. Of course, monetary policy can go too far and cause inflation, which I think we will find is the case in this situation.
It is hard to fix a problem caused by lower rates with lower rates.