James J. Cramer is the co-founder of TheStreet.com and a commentator on CNBC. To say that he is outspoken is an understatement.
In a recent issue of New York magazine, Cramer gets right to the point. The title of the article says it all, "How to Withstand the Coming Bush Economic Crisis" Some excerpts from the article:
- "He's gone on both the biggest spending binge and the lowest taxation course in U.S. history, which, alas, will produce gigantic liabilities down the road."
- "It's dawning on Wall Street that George W. Bush may be the first president since Lyndon Baines Johnson who believes that we can have a guns-and-butter federal spending policy without creating a serious inflation spiral."
- "But considering Bush has never vetoed a spending bill and would rather die than raise taxes, you have to believe we'd be plain stupid to make a huge 401(k) bet on strictly domestic stocks."
After building his case that Bush is "fiscally clueless", Cramer goes on to recommend five "imminent-Bush-disaster-stocks." Here they are:
- Goldcorp (gold)
- Rio Tinto (Brazilian minerals company)
- Total (French oil company)
- Sasol (South African energy company)
- Fording Canadian Coal Trust ((Canadian coal)
Look...I don't want to get in the business of making stock recommendations. And James Cramer has had his own stock-picking issues in the past. Yet, he makes some interesting points. The article is worth reading in order to get a more complete picture of his perspective.
Tomorrow, I will discuss how you could use the viewpoints in this article to attract notice...from a prospecting perspective. Please stay tuned.
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