[lbo-talk] RE: IMF warns the US

Doug Henwood dhenwood at panix.com
Fri Sep 19 15:40:51 PDT 2003


boddhisatva wrote:


> I believe I may place that bet and I have the view of a well-regarded
>financial advisor to tell me when. Jim Cramer responded to one of my emails
>about the potential dangers of the tax cut one time with a single line. He
>answered my question and I think he nicely answered R's question on behalf
>of American capitalism as well as foreshadowing some ideas in Krugman's new
>book when he wrote, simply:
>
> "We have a big economy, i am not worried until the bonds move against us."

Cramer. Ah the 90s.

I love this reasoning - don't worry about something bad happenening while you can plan for it, just wait til it's on the tape. Apply this to global warming: "We have a big planet. And I live on the seventh floor. I'm not worried until the Hudson hits six."

Doug



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