CRAMER: Pandemic led to ‘one of greatest wealth transfers in history’

  • The coronavirus pandemic has produced “one of the greatest wealth transfers in history,” CNBC’s Jim Cramer said.
  • “The bigger the business, the more it moves the major averages, and that matters because this is the first recession where big business … is coming through virtually unscathed,” the “Mad Money” host said.
  • “I think we’re looking at a V-shaped recovery in the stock market, and that has almost nothing to do with a V-shaped recovery in the economy,” he said.

www.cnbc.com/2020/06/04/cramer-the-pandemic-led-to-a-great-wealth-transfer.html

CALLS FOR MORE BAILOUT, PUMPING…

We are primarily funded by readers. Please subscribe and donate to support us!

WALL ST RACES HIGHER…

HERTZ’s Possibly Worthless Stock Soars in Risky Recovery Bet…

Views:

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.