clock menu more-arrow no yes mobile

Filed under:

'We Need to Plow Over the Inland Empire'

An attempted transcript - minus false starts and vocal fillers - of the black-and-white, over-generalized mind of financial whiz Jim Cramer:

I think the Inland Empire needs an agricultural adjustment company. If you remember, Roosevelt recognized - I think somewhat incorrectly - that if we had to plow crops under in order to be able to raise the price of crops. Now he should've just offered subsidies. He was stupid. That's OK. We all know that now...

We need to like plow over the Inland Empire, because there's so many more homes. And the homebuilders have way too much inventory.

OK, so don't buy. But what about renting, Jim? "The areas where renting's good are where the houses are being sold underneath people." Or, in this case, plowed over.
· Cramer says 'just walk away' [YouTube]