spin_dry Posted March 3, 2020 Share Posted March 3, 2020 On Tuesday morning, the Fed announced a half-point rate cut, with investors worried about the impact of coronavirus. But in the eyes of one prominent market observer, the drastic measure intended to calm Wall Street may actually stoke fear. Appearing Tuesday morning on CNBC, analyst Jim Cramer said that Fed chair Jay Powell’s powers to calm the market are limited, and that ultimately, the issue comes down to whether people are able to go about their business as normal despite concerns over the virus. “It’s terrific Jay is on board,” Cramer said. “He can do everything he can but in the end why go out. Cramer went on to say that he’d previously been optimistic, despite the recent Dow freefall. But the Fed’s move has caused him to adopt a more cautious posture. “It makes me feel, wow, the weakness must be much more than I thought,” Cramer said. “And I’ve been trying to be bullish, but I can’t.” He added, “I’m now nervous. I’m more nervous than I was before.” Watch above, via CNBC. Have a tip we should know? Quote Link to comment Share on other sites More sharing options...
Zambroski Posted March 3, 2020 Share Posted March 3, 2020 3 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted March 3, 2020 Share Posted March 3, 2020 I’m thinking every positive economic report coming from the White House is a huge Trump controlled lie. Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 3, 2020 Share Posted March 3, 2020 2 minutes ago, Mainecat said: I’m thinking every positive economic report coming from the White House is a huge Trump controlled lie. So just like the Obama years?? 1 Quote Link to comment Share on other sites More sharing options...
Zambroski Posted March 3, 2020 Share Posted March 3, 2020 Just now, f7ben said: So just like the Obama years?? GOD DAMN YOU!!!!!!!!!!!!! Caught me asleep at the wheel. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted March 3, 2020 Share Posted March 3, 2020 (edited) 7 minutes ago, f7ben said: So just like the Obama years?? Worse compadre but Obama at least pulled the country out of the recession Edited March 3, 2020 by Mainecat Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 3, 2020 Share Posted March 3, 2020 Just now, Mainecat said: Worse compadre No , exactly the same Quote Link to comment Share on other sites More sharing options...
spin_dry Posted March 3, 2020 Author Share Posted March 3, 2020 50 minutes ago, f7ben said: No , exactly the same What’s different is republicans aren’t squeaking. Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 3, 2020 Share Posted March 3, 2020 1 minute ago, spin_dry said: What’s different is republicans aren’t squeaking. And dems are Quote Link to comment Share on other sites More sharing options...
SSFB Posted March 4, 2020 Share Posted March 4, 2020 3 hours ago, Mainecat said: Worse compadre but Obama at least pulled the country out of the recession Yes, Obama pulled the country out of the recession and Trump is responsible for everything regarding the great economy today. You statist cult members are so fucking bizarre. Quote Link to comment Share on other sites More sharing options...
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