Jim Cramer Says Market Already Decided Federal Reserve Will “Create a Recession No Matter What.”

Joshua Ramos
Jim Cramer CNBC Host
Source: Edition.CNN / Getty

Taking to Twitter, divisive economic expert, Jim Cramer, has stated his belief that the market has already decided the Federal Reserve will “tighten and create a recession no matter what.” Cramer has been an outspoken voice against the crypto community, adding to that perception with his recent comments on a crypto bank bailout.

Cramer has stated that on Twitter today that the market has “already digested Friday’s news,” in relation to a possible recession. Additionally, stating it already went negative. Moreover, the CNBC personality proclaimed he wouldn’t touch crypto “in a million years.”

Cramer on Market and Crypto

Jim Cramer has somehow been a consistent name in the world of economics. He has been the host of CNBC’s “Mad Money” since 2005 but has maintained a presence as a rather divisive persona in the financial sector.

Still, that divisiveness has not stopped him from speaking his mind. In a recent Tweet, Jim Cramer shared his belief that the market decided the Fed will “create a recession no matter what.” He was speaking on the market’s response to Friday’s news cycle.

Jim Cramer
Source – CNBC

Specifically, Cramer stated, “It does not take too long for this market to go negative. It’s already re-digested Friday’s news and decided that the fed will tighten and create a recession no matter what.”

These statements come after Cramer once again set cryptocurrencies in his crosshairs. A multi-billion dollar loan has helped one crypto-friendly bank stay solvent, with Cramer reportedly shocked in response. Stating his wish that “…people knew how dangerous this is all getting. NOT business as usual.”

JPMorgan Downgrades Silvergate Capital From ”Overweight” to ”Neutral”
Source: Coincu

The loan was sought out by Silvergate Capital Corp. in the amount of $4.3 billion in order to aid them in recovering from the “crisis of confidence across the [crypto] ecosystem,” last year, according to MSN.com.

In response, Cramer said, “I would not touch crypto in a million years because I wouldn’t trust the deposit bank,” according to the report. Additionally, proclaimed, “if you have your money in [crypto], I’m not calling you an idiot; I’m just saying you have blind faith.”