SIGN IN to access Harper’s Magazine
1. Sign in to Customer Care using your account number or postal address.
2. Select Email/Password Information.
3. Enter your new information and click on Save My Changes.
Subscribers can find additional help here. Not a subscriber? Subscribe today!
Jim Cramer is a sort of New York financial media fixture. He’s fast talking, extremely political, a bit full of himself, and often slightly hysterical. Generally he seems to know what he’s talking about, but I’ve seen some serious players in the market label his pearls of wisdom as senseless blather. And I don’t know many people would call him a “detached observer.” Still, Cramer has a solid audience and plenty of people find him informative and entertaining.
On August 2 he was on the air at his most hysterical, concerned about a meltdown in the fringe mortgage market. He aggressively advocated a Fed bailout for the financial institutions exposed in the collapsing market.
Here’s an iTulip.com YouTube that takes Cramer’s rant and patiently dissects it, giving a different view. I have no particular dog in the hunt here—for instance, on the issue of whether the Fed should “open the window” on the discount rate–but this does strike me as a very effective use of the YouTube medium. In the last two years, YouTube has made a difference in the Internet–decidedly for the better.
More from Scott Horton:
Six Questions — October 18, 2014, 8:00 pm
Nathaniel Raymond on CIA interrogation techniques.
Mark Denbeaux on the NCIS cover-up of three “suicides” at Guantánamo Bay Detention Camp
Number of British women killed last fall by lightning conducted through their underwire bras:
British women wear heels for fifty-one years on average, from the ages of twelve to sixty-three.
Thousands of employees of McDonald’s protested outside the company’s headquarters near Chicago, demanding their wages be increased to $15 per hour. “I can’t afford any shoes,” said one employee in attendance, “and I want Versace heels.”
Subscribe to the Weekly Review newsletter. Don’t worry, we won’t sell your email address!
“Shelby is waiting for something. He himself does not know what it is. When it comes he will either go back into the world from which he came, or sink out of sight in the morass of alcoholism or despair that has engulfed other vagrants.”