Cramer predicts another 10% to 15% decline nationwide, and 40% to 50% peak to trough declines in bubble markets. He calls the Fed "reckless" and "radical".
Cramer: Fed's Destroying the Economy
Jim Cramer says the Fed is ignoring the U.S. deflationary crisis and is trying to reinvent the economy by destroying it.
August 30, 2008
Jim Cramer - if the government used home prices in the CPI reading, you'd see the biggest deflation since the '30s, calls the Fed "radical right wing"
Posted by blogger at 8/30/2008