Post New Article

Jim Cramer: The pandemic led to ‘one of the greatest wealth transfers in history’

Original Article

Posted By: Tptems, 6/6/2020 8:18:30 AM

The coronavirus pandemic and corresponding lockdown made way for “one of the greatest wealth transfers in history,” CNBC’s Jim Cramer said Thursday. The stock market is rising as big business rebounds from state-ordered stoppage of nonessential activity, while small businesses drop like flies, the “Mad Money” host said.


Cramer discusses in the video section of the article that the stock market doesn’t give a true picture of the economy; it gives a picture of the future of big businesses rather than Main Street.

Post Reply

Reply 1 - Posted by: stablemoney 6/6/2020 8:57:13 AM (No. 434473)
Small business dropping like flies is not caused by the pandemic. It is caused by leftists keeping small businesses closed. It is caused by the left insisting on social distancing and masks. Many people do not want to wait in line outside, or wear masks. A business needs customers, and making them unwelcome is not the road to success. In short, the left stinks and so do their policies.
27 people like this.

Reply 2 - Posted by: ronniethek 6/6/2020 8:59:11 AM (No. 434478)
And so? PDJT ,has done all anyone could reasonably hope for to help us get out of this
15 people like this.

Reply 3 - Posted by: poliposter 6/6/2020 9:05:42 AM (No. 434491)
I know some very well off seniors who got stimulus checks, because they are basically "low income." They felt guilty about it. My own child, a full-time college student, received a stimulus refund from her college. This was not the same as a refund on room and board. She felt guilty about it. She said that she understood that she was entirely supported by us, her parents. I told her that she will be paying for that check many times over in her life time, so cash it. Meanwhile, single proprietors couldn't get PPP loans since they had no employees. Politicians are absolute morons.
14 people like this.

Reply 4 - Posted by: Delilah 6/6/2020 10:25:35 AM (No. 434637)
I donated all my $1200 to my church and various charities. Felt I did not deserve it as I'm on SS + pensions + IRA distributions and am proudly supporting myself nicely.
10 people like this.

Reply 5 - Posted by: JimBob 6/6/2020 2:36:53 PM (No. 435031)
It seems to me that this Cramer guy - yea, the one who runs his mouth- loudly- all the time, is sort of like Krugman. I do not know that he has EVER been right..... on ANYTHING. On the other hand, Bezos owns the WaPooPoo. The WaPooPoo supports the Democrats, who support the Lockdown (to kill the economy and supposedly hurt President Trump)..... but 'Locking Down' and closing local businesses means that people buy stuff online, which helps Amazon, which is run by (and Billion$ of Amazon stock is owned by).... Bezos. The Circle of Influence and Wealth Transfer is complete.
2 people like this.

Reply 6 - Posted by: swarfer 6/6/2020 3:34:10 PM (No. 435095)
I too felt guilty getting a stimulus check then I thought about how much of my tax money the government has given away to worthless countries, causes, regimes and people. That was the end of that, I cashed it.
2 people like this.

Reply 7 - Posted by: Jesuslover54 6/6/2020 4:22:42 PM (No. 435124)
People forget about the incredible zeal and entrepreneurial chutzpah of our fellow Americans, I am not worried about our country. Look how we turned around in just 3 years, and now we will pick up from that point and carry on.
1 person likes this.

Reply 8 - Posted by: Winstonian 6/6/2020 4:55:11 PM (No. 435140)
Cramer is reportedly has a net worth of $100 million. Wanna guess where most if not all his wealth came from?
1 person likes this.

Reply 9 - Posted by: red1066 6/6/2020 11:17:42 PM (No. 435454)
Has Cramer been right about anything in his life?
1 person likes this.

Below, you will find ...
Most Recent Articles posted by "Tptems"
Most Active Articles (last 48 hours)
Most Recent Articles posted by Tptems"
Payroll tax holiday is not free money 2 replies
Posted by Tptems 9/11/2020 10:16:50 AM Post Reply
ATLANTA - For some of you, your paychecks might be bigger because of President Trump’s new payroll tax deferment which started September 1st. But you really need to know that this is not free money. If your employer participates in this presidential executive order, yes, you will have a bigger paycheck for the rest of 2020. But starting January 2021, you will have to begin to pay it back.
Comet NEOWISE: How to See It in Night Skies 7 replies
Posted by Tptems 7/16/2020 10:50:38 AM Post Reply
Enjoy it while you can. The frozen ball of ice won’t return to the inner solar system for 6,800 years. Eager sky watchers are turning to the heavens as Comet NEOWISE, one of the brightest comets in a generation, starts climbing ever higher among the evening stars.
Jim Cramer: The pandemic led to ‘one of the greatest wealth transfers in history’ 9 replies
Posted by Tptems 6/6/2020 8:18:30 AM Post Reply
The coronavirus pandemic and corresponding lockdown made way for “one of the greatest wealth transfers in history,” CNBC’s Jim Cramer said Thursday. The stock market is rising as big business rebounds from state-ordered stoppage of nonessential activity, while small businesses drop like flies, the “Mad Money” host said.
Virginia Roberts accepts Alan Dershowitz’s dare, tells doc they had sex 7 replies
Posted by Tptems 5/28/2020 11:57:25 PM Post Reply
Jeffrey Epstein’s former lawyer Alan Dershowitz dared Virginia Roberts Giuffre to “look in the camera” and accuse him of having sex with her — so she did. “I challenge Virginia Roberts to come on your show, look in the camera and say the following words: ‘I accuse Alan Dershowitz of having had sex with me on six or seven occasions,'” the 81-year-old lawyer said on camera in the new docu-series “Jeffrey Epstein: Filthy Rich.”
Epstein accuser says Prince Andrew told her 'thank you' after she was forced to have sex with him 11 replies
Posted by Tptems 9/20/2019 9:23:30 PM Post Reply
A woman who claims Jeffrey Epstein paid her to have sex with Prince Andrew says in her first TV interview that the Duke of York thanked her after their first sexual encounter. “He was an abuser. He was a participant,” Virginia Roberts Giuffre says of Andrew in an interview with NBC Dateline set to air Friday night. The interview with Giuffre includes five other Epstein accusers, including three who are speaking publicly for the first time.
Most Active Articles (last 48 hours)
Target pledges to increase number
of Black employees by 20%
49 replies
Posted by Ribicon 9/10/2020 1:36:47 PM Post Reply
Target Corp. plans to increase its number of Black employees by 20% over the next three years as part of its growing efforts to build a more diverse and inclusive company, executives said. The Minneapolis retailer on Thursday announced its latest commitment to racial equity as it also made public more detailed information about the ethnic and gender makeup of its employees and leaders. Target’s total workforce last year was 360,000, with 25% of employees Latino, 15% Black, 5% Asian and 5% people who identified as mixed race, American Indian or other underrepresented groups. However, the diversity is less the higher the position,
What’s going on with the
Durham investigation, if anything?
43 replies
Posted by Magnante 9/10/2020 5:33:58 AM Post Reply
Ever since Attorney General Barr appointed U.S. Attorney John Durham to investigate the origins of the Russia collusion probe, Trump supporters have been waiting for the bomb to drop. And waiting. And waiting. But nothing ever happens. Judicial Watch’s founder Tom Fitton thinks that conservatives are being scammed. Instead of an investigation, it’s just another Washington cover-up. I suspect (or, maybe, hope), though, that Barr and Durham are holding their fire because of the election. Tom Fitton, whose organization doggedly uncovers documents the Swamp wants to hide, was on Fox News’ Lou Dobbs Tonight. He is concerned that the John Durham investigation is a sham
Oscars’ woke quota will
backfire on Hollywood spectacularly
40 replies
Posted by MissMolly 9/10/2020 4:20:58 AM Post Reply
According to last February’s ratings, 93 percent of us are already not watching the Academy Awards. Now Oscar is wondering: How do I whittle down that last 7 percent? Answer: woke quotas. That thunk you heard coming out of La-La Land on Tuesday was the sound of the Academy grandly planting its face in the sidewalk by announcing it was formally rejecting the pursuit of artistic quality in favor of a byzantine quota system. Starting with 2024 films, your project can’t even be considered for a Best Picture Oscar unless it meets a set of diversity targets
The NFL returns with 17,000 socially
distanced fans, kneeling players and
anthem walkouts: Patrick Mahomes' Chiefs
begin their Super Bowl defense against
the Texans after the crowd booed a moment
of silence for Black Lives Matter
34 replies
Posted by Ribicon 9/10/2020 11:01:53 PM Post Reply
The Houston Texans remained in the locker room during the Star-Spangled Banner and the reigning-champion Chiefs lined up for a singing of 'the black national anthem' on Thursday night as the NFL opened its season in Kansas City under dramatically different circumstances than any other campaign in league history. Not only was the limited crowd of 17,000 fans asked to follow social distancing guidelines amid the coronavirus pandemic, but spectators were also prohibited from wearing Native American headdresses and war paint as the NFL attempts to combat racial injustice following the death of George Floyd in Minneapolis police custody on May 25.
Rhode Island professor says killing by
Portland activist OK from 'moral'
perspective: 'He killed a fascist'
34 replies
Posted by MissMolly 9/10/2020 4:05:16 AM Post Reply
A Rhode Island professor with a history of incendiary comments against conservatives is under fire this week for appearing to suggest that the fatal shooting of a Patriot Prayer supporter during unrest in Portland last month was morally justified. The comment from Erik Loomis, a history professor at the University of Rhode Island, came in response to a comment on his blog post: “Why Was Michael Reinoehl Killed?” The post questioned whether police deliberately “murdered” 48-year-old Michael Reinoehl, the man who fatally shot Aaron “Jay” Danielson on Aug. 29, the night Trump supporters clashed with backers of Black Lives Matter in Portland.
Viewers call to cancel Netflix after
controversial ‘Cuties’ premiere
31 replies
Posted by Ribicon 9/10/2020 3:21:59 PM Post Reply
Backlash against the French film “Cuties” continues to escalate, with objectors now demanding Netflix be canceled in response to the movie’s perceived sexualization of children. “Unbelievable that they released ‘Cuties’. So child porn is ok now Netflix? Raise your hand if you agree this is disgusting,” wrote one Twitter user, using the hashtag #CancelNetflix. The Twitter campaign against the streaming giant follows its release in August of a heavily criticized trailer and poster for the flick. The online outrage continues despite Netflix releasing a statement saying “we’re deeply sorry for the inappropriate artwork that we used” to promote the film. “Netflix is comfortable
Women Who Stole Kid's MAGA
Hat Charged With Hate Crime
31 replies
Posted by StormCnter 9/10/2020 2:03:31 PM Post Reply
Two Delaware women accused of accosting a 7-year-old boy outside of the Democratic National Convention and taking his MAGA hat are facing up to 15 years in prison for a hate crime.(Snip for tweet)Yes, it was “shameful.” It was also mean, stupid, small-minded, and wrong. But do the women really deserve to spend 15 years in prison for it? Fox News: “Violence in any form is unacceptable, but harming another person — let alone a child — because of the expression of their views betrays the principles on which our country was founded,” Jennings said in a statement to Fox News.
Democratic Senate candidate Mark
Kelly apologizes for racist joke
27 replies
Posted by NorthernDog 9/10/2020 4:12:02 PM Post Reply
Democratic Senate candidate Mark Kelly apologized on Thursday for an offensive comment he made two years ago while joking about the physiological changes his twin brother experienced after spending a year in space. (Snip) “He’s like halfway between an orangutan and a Howler Monkey. We’ve even changed his name to Rodrigo. He lives in the woods. He lives in Eagle Rock Reservation,” a reference to a New Jersey forest reserve and recreational park. The video of Kelly speaking was posted Thursday on Twitter by Moses Sanchez, a Republican businessman and Navy veteran who unsuccessfully ran for Phoenix mayor in 2018.
Kamala Harris's embrace of Jacob
Blake is the latest blow to #MeToo
27 replies
Posted by MissMolly 9/10/2020 4:45:20 AM Post Reply
It's been quite a week for Kamala Harris. In addition to promulgating anti-vaccination conspiracy theories about any coronavirus vaccine released during the Trump presidency, she met with the family of Jacob Blake, a man famous for fleeing from the police with his children in tow when he violated an existing restraining order after being charged with sexual assault. Blake has been famously lionized by the Left after being shot by the police when officers tried to arrest him as he reached in his car (telling them after the shooting that he had a knife, according to the Milwaukee Journal-Sentinel). Unlike the deaths of Breonna Taylor and George Floyd,
Nick Sandmann Torches ACLU
Associate, Professor Who Called Him
‘Dangerous’: ‘I Will Not Be Canceled’
26 replies
Posted by MissMolly 9/11/2020 4:46:25 AM Post Reply
Former Covington Catholic student Nick Sandmann fired back Thursday at an ACLU associate and a college professor who warned that he was “dangerous” and a “provocateur” and should be watched closely when he begins his freshman year at Kentucky’s Transylvania University, telling the pair that he is a “pro-life conservative Republican college student who won’t let cancel culture silence me” in a Fox News op-ed. On Wednesday, The Daily Wire reported that Sandmann was the target of a two-pronged attack that began when a graduate of Transylvania University, who became an associate attorney for the ACLU, warned that Sandmann’s presence at the school was a “bit of a stain”
Jane Fonda, Cheerleader to Ho, Che, and
Jim Jones, Can’t Be Friends With Jon Voight
26 replies
Posted by MissMolly 9/11/2020 4:35:07 AM Post Reply
“I don’t know what happened to Jon,” Jane Fonda told Howard Stern about Jon Voight in a Wednesday interview. “We were pretty close. He was my best friend among Hollywood people. We won Academy Awards together for Coming Home.” But now, because the star of Midnight Cowboy, Deliverance, and The Champ sees the world through a new lens, Fonda rules out the possibility of any friendship. “I couldn’t, no,” she says of holding a friendship with someone who holds very different political views. “I couldn’t.” “He changed into an extreme right-winger,” which she called “very sad.” Others who recall the half-century friendship between the liberal Democrat Henry Fonda
James Mattis Contemplated Going
“Seven Days in May” On President Trump
25 replies
Posted by earlybird 9/10/2020 2:17:04 PM Post Reply
From almost before President Trump took the oath of office, major national publications were running speculative pieces on how a Republican administration could remove President Trump from power. (Snip)The idea that Mattis took the job as Secretary of Defense, requiring President Trump to ask for a Congressional waiver for him to do so, and then treated the man so shabbily behind his back makes me think one hell of a lot less about Mattis. Secondly, Jim Mattis is Roman Catholic. The National Cathedral is also a) pagan Episcopalian and b) nowhere near either the Pentagon, the White House, or Mattis’s quarters. (Snip) The dark whisper about needing to “take collective action,” i
Post New Article