I will be punished for being right
by
C Miller
08/29/2007, 10:52 AM #
HEY - I sold my overinflated house 2 years ago. I shorted bonds. I did ALL the right things, but now these clowns want to bail out the people who did all the wrong things to punish the people who did the right things.
There are 2 sides to every market - and the Fed is not there to just bail out the rich guys when they've made a mistake. Inflation is high and climbing (no thanks at all to the real estate bubble), and the only sensible thing for the Fed to do is to RAISE rates, not lower them to appease Cramer and his goons who made trading mistakes.
Lowering rates HURTS people who are heavy savers and rewards those who are heavy borrowers. What happened to the old teachings that saving is good, borrowing is to be avoided?
Cramer does not have the long term interests of the country and its people in his interest, he only has his own short term greed in mind, and doesn't care if they turn our economy into a Weimar republic.
Anyone who thinks that eradicating the value of the dollar is good for economy, doesn't understand macroeconomics in the least.