Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Cramer needs to retire. He needed to retire about 10 years ago.
Anyone remember when he first started "Action Alerts Plus", on thestreet.com. It was a pretty big deal at the time. The "famous Cramer" got to tell you what he was doing with his own personal money. He had all these fancy disclosure rules, like he would mention it in action alerts plus, but it was part of his charitable trust. This guy is one of the greatest financial salesman of the last 30 years. All the stocks were dot coms and tech stocks at $80 a share. Just crazy stuff for the average person.
Its funny how commodities have outperformed stocks over the last 10 years, or even some currencies (S&p has been flat for 11 years). Cramer is still so stock crazy.
If these financial gurus on tv were really doing their job correctly, they'd point out stories like China, long before they become mainstream.
Jim Rogers is another China bull. He lays out a pretty good case. They're a very savvy and market oriented society. Healthcare and human rights don't really mean much right now, they're still an emerging country. He draws the analogy to where the US was 100 years ago. We didnt have good human rights, we had outlaw capitalist the way they do now. I think as they mature, they'll be a superpower. Just follow the money (and their trillions in reserve) and eventually everything else will follow.
Keep in mind Peter Schiff predicted the downturn we've had and the collapse of the RE market and he recommended putting your money into foreign countries especially China.
Keep in mind Peter Schiff predicted the downturn we've had and the collapse of the RE market and he recommended putting your money into foreign countries especially China.
i have very mixed feelings on schiff.
points for him on hammering krugman and pinpointing the downturn, but i think that shifting your money to foreign countries doesn't really help america out. i don't see how that advice doesn't actually exacerbate our problems.
it represents our capital leaving our country, which i do not support. the idea is to keep our standard of living high. isn't that what all countries are supposed to be doing-taking care of their own?
Last edited by floridasandy; 03-29-2010 at 11:07 AM..
If the US cannot find a way to participate & profit from global growth then we will earn the right to be pushed aside.
One thing China may be doing right is they don't play politics and aggravate their trade partners. From a moral/humanistic viewpoint this could be seen as appalling. But, from a strictly business point of view it makes perfect sense.
Plus, China is not engaged in an arms race with itself! If they ever reach economic stability, they may need to be more concerned with participating in enforcing global stability. But at this point they have the US spending 23% of GDP on defense and can sit back and ignore the world stage.
Location: Georgia, on the Florida line, right above Tallahassee
10,471 posts, read 15,831,906 times
Reputation: 6438
Quote:
Originally Posted by Lincolnian
Jim Cramer said last night in his show Mad Money that China is the world's new super power and soon they will displace the U.S. and the dollar in world business. He stated that he knows people in U.S. won't like to hear it but that it is inevitable and we need to learn how to make money in their world.
Do you agree? Why or why not? If so, do you think their dominance will be sustainable?
I like to drop in on Jim Cramer threads to state, yet once again, that Jim Cramer is an idiot.
Isn't he the same guy who said to "buy buy buy Lehman Bros." a week before it collapsed? Also said it was "100% safe?" That the Dow would "pick back up in a few weeks" right before it plummeted to 6000? Yeah, like I'm going to listen to CNBC's "experts."
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
