Gray Flannel Dwarf

8/4/2007

Jim Cramer blows a gasket.

There have been a lot of warnings over the past, oh, three years about the real estate market and how it could end up dragging down the entire economy.

However, when the biggest, most hyper (and hyping) bull market cheerleader of them all, Jim Cramer, completely loses it on CNBC… we may be in for a helluva ride.

If his numbers are anywhere close to accurate — 14 million loans in the past three years, half of which were with teaser rates — things could get ugly, fast.


Tags: , , , — cswiii @ 5:36 pm