eldiceuf (January 1, 1970 at 7:29 am)

If you couldn't read this recession by yourself, you are within the same census of $5.50 per hour worker that buys a $275,000 house. Basic middle-class housing prices became so absurd, that the it was out of the middle-class's reach, yet the middle-class was still buying. I called this sub-prime bubble out in 2006 when my house bubbled to $300k after buying it at $180k...and this was before I even knew what bear or bull meant.

fxE20170 (January 1, 1970 at 7:29 am)

It is incredible how he saw this coming over a year ago. Amazing. And you are completely right...if only we had listened.

garyowen4ever (January 1, 1970 at 7:29 am)

financial enginerring IS NOTHING MORE THAN VIRUSING the equities products..............how much genius does it take to write computer viruses??? the crime is thatno one cared!

TrueMarine (January 1, 1970 at 7:29 am)

God you are so right!!!! This guy is a legend and anyone who is interested in the economy should at lest listen to what this guy has to say!

tim191219 (January 1, 1970 at 7:29 am)

If only we had listened to him instead of laughing at him

UncleRico13 (January 1, 1970 at 7:29 am)

Cutting the Fed Rate over and over again in order to keep the rich from having bad economic times is what caused these problems. You can't continuously manipulate the Fed Rate and NOT allow the free market economy to run it's course. If you keep trying to suppress bad economic news from external sources the market never corrects. Then, by the end, when you can't cut rates anymore, when they're at 1% or 1.5% your correction will have to be huge and it will be difficult economic times.

WhatAndrewSaw (January 1, 1970 at 7:29 am)

How come no one in the media who showed this video a year ago is giving him credit for this?

attie3 (January 1, 1970 at 7:29 am)

Jim Cramer for us secretary of the treasuryor Chairman of the Federal Reserve

mike1785 (January 1, 1970 at 7:29 am)

its Monday god save us all! Cramer the "prophet"

zogg18 (January 1, 1970 at 7:29 am)

The video didn't freeze 6 months ago...