Jim Cramer Has Finally Had Enough Of Fed-Haters Like Kyle Bass
On Wednesday morning, Kyle Bass of Hayman Capital, a noted bear on central bank policy in the US and Japan, appeared on CNBC's Squawk Box.
Among other topics, Bass talked a bit about the Fed's benchmark interest rate, which is currently pegged at 0%-0.25%. Bass said it's possible that rates never get back to "normal," which he sees as around 4%.
The math behind raising rates, however, is a bit daunting for the federal government, with Bass saying that for every 1% the Fed raises overnight rates, the cost for the US government to service its debt increases $150 billion.
Following these comments, Cramer took to Twitter, firing off a series of tweets venting a bit about Fed haters, hedge funds, and the idea that no matter what the Fed does, some people will always think it's wrong.