Jim Cramer (the Street): Market Will Solve Subprime – Piggington's Econo-Almanac

This topic has 2 replies, 2 voices, and was last updated 17 years, 6 months ago by lniles.

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May 4, 2007 at 2:11 PM #9002

lniles
Participant

Never a dull moment! I wish I could invest in the sheer volume of speculation!

http://www.thestreet.com/_mktwrm/funds/realmoneyradiowrap/10354358.html?cm_ven=CBSM&cm_cat=FREE&cm_ite=NA

May 4, 2007 at 3:16 PM #51876

sdduuuude
Participant

I think he maybe talking about the wall-street side of the subprime paper market, not so much the real-estate market.

i.e. the market will solve what to do with all that paper, but the effect on who can get loans will still be there.

May 4, 2007 at 5:11 PM #51885

lniles
Participant

Yes I agree, but my view of the impact on wall street is considerably more pessimistic than that of Mr. Cramer. IMHO consumer confidence will take a big hit when housing falls and it will trickle over to wall street for sure.
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