Most people have strong feelings about Jim Cramer. Anyone who does not love him usually winds up hating him. We basically belong to latter category.

So why are we making one of this blowhard’s columns into this week’s essay of the week?

Believe us, we did not want to. But we wanted an essay that would clearly explain why everything is suddenly going boom now in the debt markets. And as much as we hate to admit it, Cramer has the clearest and most believable explanation currently out there. So we bit the bullet and made his column essay of the week.

Now we got to say that this column has all the usual Cramer sins. It is self promoting (for this reason we recommend that you skip the first page). It is has a ridiculous conclusion (so we recommended that you skip the last page). But if you start at the second page you will get clear and concise explanations for why the financial markets have suddenly stoped working.

Believe us, if we could have found a better explanation, we would have used it.