Mad Mail: Is a Depression Imminent?
Hi Jim: I was amazed and delighted by your very accurate and courageous discussions on CNBC this morning. You told it like it is in America today, and it isn't a pretty picture. The rest of the news media is constantly sugar coating the bad news occurring in the economy today. The sad part of all of this, is that I only see things getting worse. I have been around for a while, and for the first time, I see the possibility of a depression. Thanks again for being one of the few voices of truth and courage...keep up the great work. --Joe
Cramer says: “I don’t think there’ll be a depression. [But] there will be a depression in housing. A lot of other things are going wrong. I’m not telling anything different from what everybody knows. I’m just willing to say it out loud.”
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