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Today, Cramer took a question from Twitter on the 10 year treasury yield.
Watch the video above for more.
And I do want members or anyone viewing this to head on over to realmoney.com to read Jim's latest column. Jim, we actually have a Twitter question this morning. KFC is wondering why the 10 year is hanging in there.
KFC, like Kentucky Fried Chicken?
I don't think that they have any affiliation with that, but that is their handle.
All right. So Jim, why is the 10 year hanging in there?
Hanging in there? Well, I mean I think that's kind of a holder question. I look at the ten year, what the ten year is saying is that the policymakers are going to try to figure out something that actually works. By the way, I have more faith in the policy makers than I did in 2007, 2009. I certainly have more faith in Secretary Mnuchin who seems to understand the idea of the payroll tax cut? And you got to have payroll to get a cut there. I think though that interest rates are going up because people recognize that they're going to do something gigantic and that's good. The problem is creativity, Katherine. They're not thinking, they're not thinking big. And if I were down there and yes, I do wish I were down there, if I were down there, I'd say, "Okay, look, let's get Brad Smith on the phone."
All right? Now Brad Smith... Brad is the chairman of Intuit. Okay? He's a sensation. I love him. When you go to Brad... By the way, it stocks up nicely today. Go to Brad and you say, "Okay look, the small business market is ruled by you. Everyone files... Not everyone, that's a hyperbole, but most of them file their business taxes through you. We want to go to you and we want to give whoever is solvent..." Because we can see whose solvent, Brad has that information. He doesn't have to display it, but you say, "Brad, we trust you. We have to trust people at this time. Brad, we trust you and we want to give you $100 billion and we want you to take that money and we want you to give it to the people who are solvent in some way." And now people say right now, "Oh, well that's ridiculous, Brad Smith. They shouldn't do that. And he doesn't do this. Doesn't do that."
Those are people who are idiots. I'm sorry, I'm Jimmy show. Those people are ill-advised. Why? Because we're fighting the great civil war here and there are things that we're going to do wrong. But we have to do them anyway in the sense that they may be wrong when it comes to equity, but do we want tens of millions of people to be laid off? Or do we just want millions of people being laid off? And the answer is we want millions, not tens of millions. And the way that I'm thinking about it is better than the way they're thinking about it. It's okay. They're nice people, but I have a better way. And I'm not being arrogant, I'm being [inaudible 00:16:16] And I recognize that there are public private partnerships happening everywhere, whether it be the one with CVS, Roche, the one with... The terrific one, by the way, with Thermo Fisher, Walmart, Target. What Cisco was talking about this morning.
We have these situations where we're getting the public involved with the private. And the reason why we have to do that other than the fact that private is the greatest source of social change, is that the federal government's no longer big enough. Now the federal government can print money until it can't. But until we can get that money into the solvent company's hands. In the same way, by the way, the square camp. Square has to do payroll, Square knows the numbers, Square can get it. So we have to be creative. We have to understand what business does and they have to understand what I understand from speaking to so many companies. So I'm bound to tell them because that I'm a patriot, but they... I mean you don't have to be too non linear, but our business is no more than our government is what I'm saying. And so you got to rely on businesses.
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