Ahhh, it's back. A short one this week as I slowly get back into the swing of things.
CNBC has a new slogan:
"If you watch us you should get out of the market now."? Nope.
"Cheerleaders and hollow moral moral outrage"? Try again.
iam.cnbc.com? You better believe it!
The real Jim Cramer from late 2006. I don't understand how a man who admittedly gamed the system to earn millions (if not billions) of dollars with his hedge fund can get angry at the Fed or Treasury now. (I am in no position to say what he did to earn money was legal or illegal. I imagine from his wink and nod attitude that it was decidedly in the gray area of the law. The (mostly Republican) idea of the free market probably constrained any and all attempts to pass legislation covering the new high powered mathematical tools and systems that were brought to bear on Wall St. in the 1980s through early 2000s. Democrats were also too ballless to bother passing anything. Clinton and Summers I am looking at your very business friendly "third way.") Anyway Cramer got rich because of an outdated regulatory system and the Bush administration deciding that the free market didn't need any oversight. If you are the real man of the people that you are trying to be today, maybe you could help by shining light on the gray areas, naming name, and calling out your buddies. Douchebag.
Starbucks is a dying business. I fear they will be regional, not national soon. Great innovator, but it is a terrible time to sell subpar expensive coffee. I will never forgive you for switching out the gingerbread latte for the disgusting gingercrisp latte this winter. It's not the same and you know it. Much shame.
_John
image: "cone conference" from ninjapoodles
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