I usually don’t like Cramer, but I have to say that he hit this interview 99% dead on correct, except the part where he states that if the fed lowered rates again, the market would go back up.
I think lowering rates would have little effect on housing if any, and a huge negative effect on the US dollar as well as worsen the already high inflation. The consequences of this will be much worse. All we would be doing is giving an addict one last hit of crack, before sending them into the painful detox stage, but the more drugs taken, the harder the detox.
