When I started the business in ’97, people suspected markets were rigged. Order books were regularly subjected to front running. Not held orders were ignored and wide spreads raped people with the sort of malice you’d expect in a third world nation. But, for the most part, if you were buying big companies and had a decent enough time horizon, making money wasn’t so hard.
Since the great recession of 2008, everything changed.
At first, they tried to tell us they weren’t manipulating markets and were instead experimenting with capital in order to save the world. No one really knew what was going on, so we accepted it on face value. We had to save the world. I got it.
But now, more than 8 years after the fact, we don’t even hide the manipulation. The media tries to sell it to us like it’s part of the game. Sure, it’s fucking normal for the Bank of Japan to create money out of thin air, buying up ETFs, placing themselves as the top shareholder in dozens of NIKKEI 225 index member companies.
This video, performed by Cramer, struck me as especially egregious. In it, he gleefully praised the Chinese manipulation of their markets, citing their egregious actions–such as arresting short sellers– and saying ‘it got the job done.’
Really, Cramer. Have you fallen that far that you cannot see the folly in your own, demented and distorted, version of the world?
Shameful.
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I guess sometimes a ho gotta do what a ho does to make living? #justsaying 😉
Couldn’t inflation be created in Japan by the BOJ buying stock and using it to control the capex of the companies?
Isn’t it basically that these central banks are all locked in a battle of Ponzi schemes versus each other?
“With” each other. It is one giant Ponzi and the Gov’s are involved along with Corp Boardrooms. Think of it as a Triangle of Murder;Rape & Pillage, both economically and socially.
Ah the opposite of the holy trinity…although according to GS they are doing God’s work LOLOLOLOL
Apparently it’s the Old Testament God
Cramer should really just shave the rest of his head. That side hair looks sketchy – especially since he dyes it. And roll the sleeves down you messy mf’er. And spend more than $20 on a watch.