Jim Cramer predicts bank runs in Spain and Italy in the next few weeks

Discussion in 'Economics' started by Grandluxe, May 20, 2012.

  1. JIM CRAMER: I'm Predicting Bank Runs In Spain And Italy In The Next Few Weeks

    Joe Weisenthal | May 20, 2012, 1:54 PM | 3,255 | 25

    Jim Cramer was a guest on Meet The Press this morning.

    This clip, wherein he's asked by host David Gregory about the ramifications of Europe certainly got people's attentions.

    His response on what's going on: "I'm predicting bank runs in Spain and Italy in the next few weeks. Without coordinated policy there will be financial anarchy."

    Read more: http://www.businessinsider.com/jim-...ly-in-the-next-few-weeks-2012-5#ixzz1vSJhhh4Q
  2. How about a bank run at Bear Stearns?

    Reading the news of the G8 this past weekend, it seems like they're gonna print. Merkel will fold.
  3. Jim Cramer is best contrarian indicator i've ever come across.