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Stefan Karlsson on that dolt Jim Cramer

Swedish economist Stefan Karlsson provides some video evidence of what a dolt Jim Cramer is—but, then, most of us already knew that. Cramer, as far as I can tell, is basically a Keynesian who loves big government, wants it to intervene to solve all economic problems (even—no, especially the ones it created itself), and thinks it should inflate, inflate, inflate all the time. Oh, and if you’ve ever seen him on TV, you know, in addition to being wrong about everything, the guy is also nuts. Karlsson begins:

Great youtube videos illustrating what a fool rabid inflationist Jim Cramer really is. First in September 2007 he mocks the bears and tells everyone that the Dow would rise to 14,500 by year end—It ended 2007 at 13,200 and is now at 12,159—and plays “halleluja” music because the Fed’s 50 basis point cut meant that they were “back with the good guys” and supposedly had saved the economy. He further mocks the idea that this would cause oil prices and inflation to rise and the dollar to fall. All of which have come true, making those of us mocked by Cramer consistently right and Jim Cramer consistently wrong.